MICHIGAN CONSUMER SENTIMENT INDEX SPIKES IN DECEMBER, EXCEEDING EXPECTATIONS

Key Points:

  • The Michigan Consumer Sentiment Index released by the University of Michigan is a survey of personal consumer confidence in economic activity.
  • A high reading anticipates consumers willingness to spend money.
  • Consensus among economists was a 0.4 decline to 76.5, but in actuality the Index increased to 81.4 in December.
  • The Right Facts will continue to monitor consumer sentiment post-pandemic.
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