The University of Michigan’s preliminary December consumer sentiment index reading was 59.1, compared to the final November 55.3 reading, the preliminary November 57.9, and the final October 57.6, according to market sources.
Economists polled by Thomson Reuters had predicted a 55.0 reading for the index.
The expectations index was 52.4 compared to 53.9 last month, 55.7 at mid-month, and 57.0 in October. The current conditions index was 69.4 compared to 57.5 last month, 61.4 in mid-November, 58.4 in October. Economists polled by Thomson Reuters had predicted a 55.5 reading for the current conditions index and 53.5 for the expectations index.