Reuters reported on December 23 that the Thomson Reuters/University of Michigan’s consumer sentiment index rose for December, signifying that consumers are feeling more confident about future economic developments.
The index climbed from 75.1 in November to 82.5 for December. Consumer spending also rose in November, according to Reuters.
We’d love to be your preferred source for news.
Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!
“Next year is shaping up to be the better tomorrow we have wanted to see ever since the recession ended almost five years ago,” Chris Rupkey, chief financial economist for Bank of Tokyo-Mitsubishi UFJ, told Reuters in an interview.
To learn more about consumers’ improving sentiment regarding the economy, read the full story by clicking here.
“What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.
Add as Preferred Source
