Last Update: 06-Dec-19 10:28 ET
Univ. of Michigan Consumer Sentiment - Prelim
- The preliminary December reading for the University of Michigan Index of Consumer Sentiment rose to 99.2 from 96.8 in November, hitting the upper end of the range it has been in since the beginning of 2017.
- The Current Economic Conditions Index rose to 115.2 from 111.6.
- The Index of Consumer Expectations increased to 88.9 from 87.3.
- The key takeaway from the report is that it bodes well for the consumer spending outlook, as rising levels of consumer sentiment pair nicely with income gains to lend confidence to increased spending activity.