(CercleFinance.com) – The morale of American households improved in December under the effect of more favorable prospects for the future, the final results of the monthly survey carried out by the University of Michigan showed on Friday.
The Midwest University’s confidence index rose to 59.7 this month after rising to 56.8 in November from an early estimate of 59.1 just ago. two weeks.
If the component of the survey measuring the judgment of consumers on the current situation rose to 59.4 against 58.8 last month, that of their expectations jumped to 59.9 against 55.6.
“The extremely negative attitude of consumers has softened this month due to the easing of inflationary pressures,” said the director of the survey, Joanne Hsu, quoted in a press release.
The one-year inflation expectation measured by the survey thus fell to 4.4%, against 4.9% in November, which corresponds to a low in 18 months but also to a level still well above the figures that prevailed two years ago.
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