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U.S. Consumer Sentiment Improves More Than Previously Estimated In December

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

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.

With the unexpected upward revision, the consumer sentiment index showed a notable rebound after hitting 56.8 in November.

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