NEW YORK - The University of Michigan's final January consumer sentiment index reading was 75.0, compared to the preliminary January 74.0 reading, the final December 69.9, and the preliminary December 67.7, according to market sources.

The expectations index was 69.1, compared to 68.4 earlier in the month, 63.6 in December, and 61.1 earlier in December.

The current conditions index was 84.2, compared to 82.6 earlier in the month, 79.6 in December, and 77.9 earlier in December.

Economists polled by Thomson Reuters had predicted a 74.0 reading for the main index, 83.0 for current conditions and 68.4 for expectations.

The five-year inflation expectation index was 2.7%, compared to 2.8% earlier this month, 2.7% in December, and 2.7% in November, while the one-year inflation expectation index was 3.3%, compared to 3.2% earlier this month, 3.1% in December, and 3.2% in November.

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

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