Economics
Consumer Sentiment in U.S. Increases on Improved Outlooks
- University of Michigan index rises to 70.6 from November
- Final December inflation expectations readings eased
Shoppers view ornaments for sale at the Urbanspace Holiday Shops at Bryant Park in New York.
Photographer: Gabby Jones/BloombergThis article is for subscribers only.
U.S. consumer sentiment increased in December from a month earlier as households grew more upbeat about the economy and the outlook for their finances.
The University of Michigan’s final sentiment index increased to 70.6 during the month from a decade-low of 67.4 in November, data released Thursday showed. Interviews for the latest report were conducted Nov. 22 through Dec. 20.