NEW YORK - The University of Michigan's final January consumer sentiment index reading was 72.5, compared to the final January 75.0, the preliminary January 74.0 reading, and the December 69.9, according to market sources.

The expectations index was 68.0, compared to 69.1 in January, 68.4 earlier in the month, and 63.6 in December.

The current conditions index was 79.6, compared to 84.2 in January, 82.6 earlier in the month, and 79.6 in December.

Economists polled by Thomson Reuters had predicted a 74.0 reading for the main index, 84.2 for current conditions and 69.1 for expectations.

The five-year inflation expectation index was 2.9%, compared to 2.7% in January, and 2.7% in December, while the one-year inflation expectation index was 3.2%, compared to 3.3% in January, and 3.1% in December.

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

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