The Consumer Sentiment Index in the United States improved by 4.5% in December compared to the previous month, and reached 53.3, coming in above analysts' expectations, a preliminary report posted by the University of Michigan revealed on Friday. The figure declined by 28% on an annual level.
The Current Economic Conditions Index slipped by 0.8% on a monthly basis to stand at 50.7 in December, dropping by 32.5% year-on-year. Meanwhile, the Index of Consumer Expectations jumped by 7.8% compared to November, and fell by 25% compared to December 2024 to reach 55.
"After four months of sharp increases to start 2025, long-run expectations fell for three consecutive months through July, followed by three more months of small increases. Long-run expectations softened over the past two months. The December preliminary reading is well below peaks in monthly readings from June 2022 and April 2025, but above most 2024 readings as well as readings from 2020 and earlier," the university stated in the report.
https://breakingthenews.net/Article/US-consumer-confidence-improves-in-December/65305710
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