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The Thomson Reuters/University of Michigan consumer sentiment Index rose to 67.7 from 64.1 in November. It was the fourth consecutive monthly gain and put the Index at its highest level since June when it reached 71.1. The improvement is further evidence of an acceleration in economic growth, though analysts Note that consumer sentiment typically rises during the holiday season. Still, the uptick in the public’s perception exceeded expectations. The survey, which gauges consumers’ economic outlook, also registered a boost in participants’ optimism about their personal financial situation over the next six months. More here and here.
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