The University of Michigan released its revised reading on U.S. consumer sentiment in the month of December on Friday, showing sentiment unexpectedly improved more than previously estimated.
The report showed the consumer sentiment index for December was upwardly revised to 59.7 from the preliminary estimate of 59.1. Economists had expected the index to be unrevised.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.