Skip to content
Subscriber Only
Markets
Economics

Sentiment Among U.S. Consumers Rises to an Eight-Month High

Pedestrians carry shopping bags in San Francisco.
Pedestrians carry shopping bags in San Francisco.Photographer: David Paul Morris/Bloomberg
Updated on

U.S. consumer sentiment increased in January to an eight-month high, indicating sustained optimism in the face of the coronavirus and the impeachment trial.

The University of Michigan’s sentiment index for January rose to 99.8, up from 99.3 in December and compared with a preliminary reading of 99.1, data showed Friday. The gain reflected a six-month high in expectations.