Friday, December 10, 2010

University of Michigan Consumer Confidence Up 2.8 Points

In December, the University of Michigan Consumer Sentiment Index rose 2.8 points to 74.2. This was the second consecutive monthly improvement in the index. Despite still being at a low level, consumer confidence is at the highest level since last spring. The improvement over the month was driven by gains in both the current conditions and future expectations components of the index. The prior rose 3.6 points, while the latter rose 2.0 points.

Inflationary expectations fell slightly. The one-year outlook fell to 2.9% from 3.0% in November. The five-year outlook fell 0.1% to 2.7%.

1966 = 100DecNovOctSepAugJul
Headline Index74.271.667.768.268.967.8
    Current Conditions85.782.176.679.678.376.5
    Future Expectations66.864.861.960.962.962.3

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