Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. has improved much more than previously estimated in the month of January.
The University of Michigan said its consumer sentiment index for January was upwardly revised to 56.4 from a preliminary reading of 54.0. Economists had expected the index to be unrevised.
With the unexpected upward revision, the consumer sentiment index is well above the December reading of 52.9.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.