US: Michigan Consumer sentiment beats expectations

US consumer sentiment improved more than expected in December. The University of Michigan’s consumer climate survey rose to 59.7 points from 56.8 points in the previous month, the university announced Friday after the second estimate. Analysts expected confirmation of the initial estimate of 59.1 points.

Thus consumer sentiment moved further from the record high of 50.0 points reached in June. In December, both the assessment of expectations and the current situation improved.