(CercleFinance.com) – US consumer confidence improved in December, according to the first results of the monthly survey published by the University of Michigan.
The confidence index calculated on the basis of the survey came out at 59.1 in the preliminary version this month, against 56.8 in November, when it was expected on a stable note.
The sub-index measuring consumers’ judgment of their current situation stands at 60.2, against 58.8 the previous month, while the component of their expectations rose to 58.4, after 55.6 in October.
Joanne Hsu, the study’s author, attributes the improvement to the easing – albeit modest – of price pressures, as consumer inflation expectations one year ahead have fallen from 4.9% at 4.6%, a 15-month low.
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