consumer sentiment
Andrew A. Nelles/AP
By Ryan Vlastelic

NEW YORK -- U.S. consumer sentiment surged in December as Americans' outlook on the economy and job prospects improved, a survey released Friday showed.

The Thomson Reuters/University of Michigan's preliminary reading on the overall index on consumer sentiment jumped to 82.5 for December, up from a final reading of 75.1 in November. It was the highest reading for the index since July, and topped analyst forecasts for a reading of 76.

"All of the improvement was among households with incomes below $75,000, with upper income households showing no gain from last month's reading," survey director Richard Curtin wrote in a statement.

"Nearly all of the improvement was concentrated in the economic outlook for the year ahead and in how consumers judged buying conditions,"
he said.

The survey's barometer of current economic conditions jumped to 97.9 from 88.0 in November, beating expectations for a reading of 90, while its gauge of consumer expectations rose to 72.7 from 66.8, above an expected 68.

The current conditions index was at its highest since July, while the consumer expectations index was at its highest since August.

The one-year inflation expectation rose to 3 percent from 2.9 percent, while the survey's five-to-10-year inflation fell to 2.8 percent from 2.9 percent.


Increase your money and finance knowledge from home

Economics 101

Intro to economics. But fun.

View Course »

Socially Responsible Investing

Invest in companies with a conscience.

View Course »

Add a Comment

*0 / 3000 Character Maximum

63 Comments

Filter by:
ray57suncst

This whole article is a propaganda LIE! Trying to make people think that Obama's FAILED economy is getting better, it's not!! He does not know how to create a job, he's never had a real job himself, one that he earned himself yet. One blogger was right, saying(people are going to have Christmas anyway) despite the lame government at the Obama/Pelosi evil camp. 49% of the country on food stamps, you call that a president that knows what to do? No he's without a clue. Do you think he really went to Harvard? Try again! The people behind the Berry Obama Puppet do hate the constitution and freedom and are trying to take Americans guns from them so they can turn America into a Communist country. Our great constitution is the largest stumbling block for the communists-" the enemy within" the whitehouse. The DHS is getting ready to war against it's own innocent American citizens. The DHS has built concentration camps in America to put us in when Obama starts the Marshall Law take over of America. Martin Luther King would have been a great President, but certainly not Obama who is secretly yet obviously destroying America as fast as he can for the communist take over power grab.

December 07 2013 at 10:51 PM Report abuse -1 rate up rate down Reply
betty_brock

Liberals love the spin even though it makes them dizzy.

December 07 2013 at 10:15 PM Report abuse -1 rate up rate down Reply
hagman3926

wow everybodys excited about getting part time seasonal jobs oh boy

December 07 2013 at 9:35 PM Report abuse +1 rate up rate down Reply
dale

despite all the GOP efforts. And epublicans. . .you know in your hearts that's true

December 07 2013 at 8:20 PM Report abuse rate up rate down Reply
1 reply to dale's comment
betty_brock

Despite all the liberal media propaganda, you know the economy is going in the toilet.

December 07 2013 at 10:14 PM Report abuse -1 rate up rate down Reply
paddleman1928

morons going deeper into debt. One more economic downturn and they are finished.

December 07 2013 at 7:48 PM Report abuse -1 rate up rate down Reply
BarB

bull....people are guying because they want to have Christmas no matter what....what I saw in the malls were NOTHING ...empty and nothing as it was years back at all....The only people spending now are those who have EBT cards from the government....they don\'t care how they spend TAXPAYERS money, since they get it all free

December 07 2013 at 7:40 PM Report abuse rate up rate down Reply
1 reply to BarB's comment
BarB

PEOPLE ARE BUYING.....maybe the unattached women are \'guy\'ing....but, I did mean buying..

December 07 2013 at 7:41 PM Report abuse rate up rate down Reply
hobbsnation

I'd like to know who they're asking. My confidence hasn't soared the last 4 or 5 years. First you hear the holiday spending is up from last year, then you hear it's down, then consumer confidence is up, then it's down. Blah blah blah. You know how many people are out there right now spending money they don't have on crap they don't need. We'll all be in the poor house before it's all said and done. I feel very sad for this country right now.

December 07 2013 at 6:23 PM Report abuse rate up rate down Reply
pbgardenpet

What economy? This is crap.

December 07 2013 at 4:48 PM Report abuse +1 rate up rate down Reply
analyst0042

The reason consumers spend like crazy is because most of them are stupid. Most of them spend beyond their means with little or no retirement savings. They cannot plan beyond a couple of months. Then when they are are laid off in their 50's or so they complain and demand handouts from the government to compensate for their own lack of foresight. Go ahead get that latest tv..latest ipad..shiny new car etc...you will be the ones screaming the loudest when you reach your 60's.

December 07 2013 at 4:41 PM Report abuse +2 rate up rate down Reply
3 replies to analyst0042's comment
fivemillion

Wow more lies.

When will the news begin to be truth?

December 07 2013 at 3:58 PM Report abuse -1 rate up rate down Reply
2 replies to fivemillion's comment
BarB

when stupid people learn the truth....then they can\'t hide it anymore

December 07 2013 at 7:42 PM Report abuse rate up rate down Reply
ga7smi

never

December 07 2013 at 11:13 PM Report abuse rate up rate down Reply