News Column

UMich Consumer Sentiment Beats Projections

January 31, 2014

ICN.com Financial Markets

hispanic man shopping
UMich consumer sentiment declined from December (file photo)

University of Michigan's gauge of consumer sentiment for January rose in the final reading to 81.2, up from 80.4 in the prior reading, and up from 82.5 a month earlier.

Estimates called for a rise to 81.0 Economic conditions index rose to 96.8 from 95.2 in November, while economic outlook rose to 71.2 from 70.9

The 1-year ahead inflation expectations rose to 3.1 percent from 3.0 percent in December, while 5-year inflation expectations remained unchanged at 2.9 percent from 2.9 percent.

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Original headline: University of Michigan consumer sentiment beats estimates, but declines from December


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Source: (c) 2014 ICN.COM. ALL RIGHTS RESERVED Provided by Syndigate.info, an Albawaba.com company