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USA, Michigan index: consumer confidence rises beyond expectations

In December, the figure rose to 67,7 points from 64,1 in November, better than the forecasts of the experts who expected a rise to 65,8 – it is the highest level in the last six months.

USA, Michigan index: consumer confidence rises beyond expectations

The preliminary data on the US consumer confidence surveyed by the University of Michigan improves and beats analysts' expectations. In fact, the index stands in December progressing to 67,7 from 64,1 in November, better than the forecasts of the experts who expected a rise to 65,8.

This is the highest level in six months and indicates that American consumers are more optimistic. As regards inflation, expectations on the 12-month price increase fell to 3,1% in December, while those for 5-year inflation remain unchanged at 2,7%), in line with the two previous months.

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