US Consumer Sentiment Rises To Nearly 2-Year High


The preliminary reading of the University of Michigan's consumer sentiment for the United States increased to 98 in December 2016 from a final reading of 93.8 in November. It was the highest reading since January 2015, as consumers expected a positive impact of new economic policies following Donald Trump’s election.

The gauge of current economic conditions rose to 112.1, the highest since July 2005, from a final reading of 107.3 in November; and the gauge of current expectations increased to 88.9 from 85.2, the strongest reading since January 2015.

Americans expect the inflation rate to be 2.3 percent in the next year, lower than 2.4 percent in November and also 2.5 percent over the next 5 years (2.6 percent in Novmeber).

US Consumer Sentiment Rises To Nearly 2-Year High


University of Michigan | Joana Ferreira | joana.ferreira@tradingeconomics.com
12/9/2016 3:18:15 PM