December Consumer Sentiment At Highest Level In 6 Months

December 22, 2011

in News

December Consumer Sentiment At Highest Level In 6 Months

Consumer sentiment improved in December to its highest level in six months as Americans felt better about the economy’s prospects for the year ahead, a survey showed. The Thomson Reuters/University of Michigan’s final reading on the overall index on consumer sentiment rose to 69.9 from 64.1 in November. It topped the median forecast of 68.0 among economists polled by Reuters and beat December’s preliminary figure of 67.7. The survey’s barometer of current economic conditions rose to 79.6 from 77.6, while the survey’s gauge of consumer expectations gained to 63.6 from 55.4. All three indexes were at their highest level since June. “I think it’s a reflection of improving job statistics, we’re seeing an increase in retail sales and even housing seems to be going up,” said Jack Ablin, chief investment officer at Harris Private Bank in Chicago. [Read this article]

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