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Friday, December 12, 2014

Consumer Sentiment Booms in December

According to the University of Michigan Consumer Sentiment Index, consumer sentiment jumped to 93.8 in December, up 5.0 points from the previous month, the highest reading in over 8 years.



The improvement to future expectations led the increase, jumping 6.2 points to 86.1. The index for present conditions also increased, rising 2.0 points to 105.7.



Inflation expectations edged up. Respondents expect inflation over the next year to be 2.9%, up 10 basis points from the previous month’s survey, and over the next 5 years to be 2.9%, up 30 basis points.

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