US Consumer Sentiment Revised Up to Highest Since July


The University of Michigan's final reading on the overall index of consumer sentiment came in at 92.6 in December of 2015, higher than a first reading of 91.8 and hitting its highest level since July this year. Consumers were more optimistic over their current conditions due to lower inflation, which bolstered real incomes, while they felt less confident about their future situation. Meanwhile, inflation expectations for the next year decreased slightly.

The barometer of current economic conditions came in at 108.1, compared to a preliminary reading of 107 and a final reading of 104.3 in November. The gauge of consumer expectations was recorded at 82.7, beating 82 initially reported, but slightly down from 82.9 in the previous month.

Americans expect the inflation rate in the next year will came at 2.6 percent staying at the same level from the first estimate but down from 2.7 percent in the previous month. Over the next 5 to 10 years, they expect consumer prices to increase 2.6 percent, unchanged from the previous month's reading.

US Consumer Sentiment Revised Up to Highest Since July


University of Michigan | Joana Ferreira | joana.ferreira@tradingeconomics.com
12/23/2015 3:21:01 PM