U.S. Consumer Sentiment Continues To Improve In January
January 15 2016 - 5:28AM
RTTF2
Reflecting more positive expectations for future economic
growth, the University of Michigan released a report on Friday
showing that U.S. consumer sentiment has improved for the fourth
straight month in January.
The preliminary report said the consumer sentiment index climbed
to 93.3 in January from the final December reading of 92.6.
Economists had expected the index to inch up to 93.0.
The bigger than expected increase by the headline index came as
the index of consumer expectations climbed to 85.7 in January from
82.7 in December.
On the other hand, the report showed a pullback by the current
economic conditions index, which dropped to 105.1 in January from
108.1 in December.
Richard Curtin, the survey's chief economist, said, "Personal
financial prospects have remained largely unchanged during the past
year at the most favorable levels since 2007 largely due to trends
in inflation rather than wages."
"Indeed, expected wage gains fell to their lowest level in a
year in early January, but were more than offset by declines in the
expected inflation rate," he added.
On the inflation front, the report said one-year inflation
expectations fell to 2.4 percent in January from 2.6 percent in
December, while five-year inflation expectations inched up to 2.7
percent from 2.6 percent.
US Dollar vs BRL (FX:USDBRL)
Forex Chart
From Mar 2024 to Apr 2024
US Dollar vs BRL (FX:USDBRL)
Forex Chart
From Apr 2023 to Apr 2024