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- US: UoM Consumer Sentiment Index rises to 70.6 (final) in December vs. 70.4 expected
US: UoM Consumer Sentiment Index rises to 70.6 (final) in December vs. 70.4 expected
- The UoM's final Consumer Sentiment index rose to 70.6 in December from the 70.4 flash reading.
- The US dollar did not seem to react to the latest US data.
The University of Michigan's (UoM) final estimate of the Consumer Sentiment Index came in at 70.6 in December, slightly above the flash estimate of 70.4 released earlier in the month, and above November's reading of 67.4, which was the weakest reading since 2011 at the time.
The Current Conditions Index rose to 74.2, lower than the flash estimate of 74.6 but higher than last month's 73.6, while the Consumer Expectations Index rose to 68.3 from the flash estimate of 67.8, above last month's 63.5.
Market Reaction
The dollar did not seem to react to the latest US data.
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