Preliminary December Consumer Sentiment increases to 91.8

The preliminary University of Michigan consumer sentiment index for December was at 91.8, up from 91.3 in November. "While the preliminary December reading was largely unchanged from last month, consumers evaluated current economic conditions more favorably and expected future prospects less favorably. In a repeat of last month's findings, all of the early December gain was recorded among households with incomes in the bottom two-thirds (+2.7%), while the Sentiment Index among consumers with incomes in the top third declined (-4.4%). Importantly, the survey recorded persistent strength in......(read more)

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