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.

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The Institute for Social Research, which releases the consumer sentiment report, on the campus of the University of Michigan in Ann Arbor, Michigan is seen on March 16, 2004. The University of Michigan said the FBI and college officials are investigating ``the unauthorized access and public release'' of its February consumer sentiment report. The index was published by the Market News International news service before being released to subscribers on Feb. 13, Richard Curtin, director of the university's Institute for Social Research, which compiles the index, said in an interview. Photographer: Brett Mountain/ Bloomberg News. Photo: BRETT MOUNTAIN)
Brett Mountain/Bloomberg News

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
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