Economics
U.S. Consumer Sentiment Rises in December, Topping Estimates
This article is for subscribers only.
U.S. consumer sentiment unexpectedly improved as views on economic conditions improved, helping bolster the outlook for American spending.
The University of Michigan’s final December sentiment index rose from the prior month to 98.3, topping all forecasts in Bloomberg’s survey of economists, a report Friday showed. The gauge of current conditions climbed to a six-month high while the expectations measure slipped.