(CercleFinance.com) – American consumer sentiment increased sharply in January to reach its highest level since July 2021, show the final figures from the University of Michigan survey published on Friday.
The index stands at 79 in the final version, after 78.8 in the first estimate and 69.7 in December.
This increase of more than 13% from one month to the next has only been surpassed five times since 1978, specifies Joanne Hsu, the author of the report, which evokes an improvement in confidence not only linked to the financial situation consumers, but also to the economic situation in general.
The current conditions component rose to 81.9 from 73.3 the previous month, while that measuring expectations rose to 77.1 from 67.4 in December.
As in the preliminary version, the one-year inflation expectation was confirmed at +2.9%, the lowest since the end of 2020, thus returning to the historic range of 2.3% to 3% which prevailed before the Covid epidemic.
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