(CercleFinance.com) – American consumer confidence improved much more than expected in December, the first results of the monthly survey carried out by the University of Michigan showed on Friday.
The confidence index calculated on the basis of this household survey rose to 69.4 this month, after 61.3 in November, while economists expected it to be around 62.
The component of consumers’ judgment of their current situation rose to 74, from 68.3 last month, while the subindex measuring their expectations improved to 66.4 from 56.8 in November.
Joanne Hsu, the author of the report, attributes this improvement to the improvement in inflation expectations over a one-year horizon, now back at 3.1%, the lowest since March 2021, instead of 4. 5% last month.
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