POST Online Media Lite Edition


University of Michigan consumer sentiment nudges up in December

Staff writer |
The University of Michigan's consumer sentiment index rose to 91.8 in December from 91.3 in November.

Article continues below

This marked a four month high but the reading fell a little short of analysts' expectations for a print of 92.

The growth in confidence was attributed to households at the bottom two-thirds of the income ladder and took the yearly average to 92.9, which was the highest level since 2004.

What to read next

U.S. consumer sentiment picks up more than expected in March
Michigan consumer sentiment unexpectedly drops in March
U.S. consumer sentiment remains steady in September