Investing.com – Consumer sentiment in the U.S. rose more than initially expected in December, official data showed on Thursday.
In a report, the University of Michigan's said its index of overall consumer sentiment rose by 2.2 points to 69.9 in December, from a preliminary estimate of 67.7.
Analysts had expected the index to rise by 0.5 points to 68.2 in December.
The Michigan consumer sentiment index stood at 64.1 in October.
The index of inflation expectations held steady at 3.1% in December, unchanged from a preliminary estimate.
Following the release of the data, the U.S. dollar was fractionally lower against the euro, with EUR/USD easing up 0.03% to trade at 1.3052.
Meanwhile, U.S. equity markets were broadly higher after the open. The Dow Jones Industrial Average rose 0.4%, the S&P 500 climbed 0.6%, while the Nasdaq 100 added 0.5%.
In a report, the University of Michigan's said its index of overall consumer sentiment rose by 2.2 points to 69.9 in December, from a preliminary estimate of 67.7.
Analysts had expected the index to rise by 0.5 points to 68.2 in December.
The Michigan consumer sentiment index stood at 64.1 in October.
The index of inflation expectations held steady at 3.1% in December, unchanged from a preliminary estimate.
Following the release of the data, the U.S. dollar was fractionally lower against the euro, with EUR/USD easing up 0.03% to trade at 1.3052.
Meanwhile, U.S. equity markets were broadly higher after the open. The Dow Jones Industrial Average rose 0.4%, the S&P 500 climbed 0.6%, while the Nasdaq 100 added 0.5%.