Consumer sentiment above expectations in final Dec. read

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The University of Michigan's final December consumer sentiment index reading was 98.3, compared to the preliminary December 97.5 and the final November 97.5, according to market sources.

The expectations index was 87.0 compared to the preliminary December 86.1 and the final November 88.1 and the preliminary November 88.7.

The current conditions index was 116.1, compared to the preliminary December 115.2 and the final November 112.3.

Economists polled by IFR Markets had predicted a 97.5 reading for the main index, 115.2 for current conditions and 85.0 for expectations.

The five-year inflation expectation index was 2.5%, compared to 2.6% in November, while the one-year inflation expectation index was 2.7%, compared to 2.8% in November.

The University of Michigan index is not released to the press, but only to paying subscribers.

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Economic indicators Consumer sentiment index