Consumer sentiment rose in December, boosted by improved views among lower-income consumers and increasing optimism for personal finances and business conditions.
The University of Michigan said Friday that its final December sentiment index climbed 1.9 points to 52.9.
“Consumer sentiment confirmed its early month reading, inching up less than two index points from November, within the margin of error. While lower-income consumers posted gains, sentiment for higher-income consumers was little changed. Buying conditions for durable goods fell for the fifth straight month, whereas expectations for personal finances and business conditions rose…
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