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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.

Shoppers view ornaments for sale at the Urbanspace Holiday Shops at Bryant Park in New York.

Photographer: Gabby Jones/Bloomberg

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.