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- U.S. consumer sentiment slightly worse than initially estimated in December
U.S. consumer sentiment slightly worse than initially estimated in December
The final reading for the December Reuters/Michigan index of consumer sentiment came in at 80.7 compared to a preliminary reading of 81.4 and the November final reading of 76.9.
Economists had forecast the index to be revised slightly downward to 81.3.
According to
the report, the index of consumer expectations surged 5.8 percent m-o-m to 74.6
from November’s final reading of 70.5, while the index of the current economic
conditions rose 3.4 percent m-o-m to 90.0 from November’s final reading of 87.0.
The Sentiment
Index slipped in late December, although it remained higher than last month
despite the ongoing surge in covid infections and deaths”, noted Richard
Curtin, the Surveys of Consumers chief economist.
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