Consumer Sentiment in U.S. Surges to 11-Year High
This article is for subscribers only.
The surge in U.S. household confidence propelled by a strengthening job market and lower fuel costs improves the odds that gains in spending will soon follow.
The University of Michigan preliminary consumer sentiment index for January rose to an 11-year high of 98.2, exceeding the median forecast of economists surveyed by Bloomberg, from a final reading of 93.6 the prior month, according to a report Friday. Other figures from government agencies in Washington showed consumer prices fell and manufacturing output cooled.