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Consumer Sentiment in U.S. Rose in December From a Decade Low

  • University of Michigan preliminary gauge increases to 70.4
  • Elevated inflation concerns continue to weigh on confidence
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Consumer Sentiment Rises From Record Low in December

U.S. consumer sentiment rose in early December by more than forecast on an improved economic outlook, though inflation concerns continue to weigh on households.

The University of Michigan’s preliminary sentiment index increased to 70.4 from a decade-low 67.4 in November, data released Friday showed. The figure exceeded the median estimate of 68 in a Bloomberg survey of economists.