U.S. Consumer Sentiment Index Jumps To Nearly Eight-Year High In December

[Purveyor]

Source: RTT News

2/12/2014 10:21 AM ET

Consumer sentiment in the U.S. has improved by much more than expected in the month of December, according to a report released by Thomson Reuters and the University of Michigan on Friday.

The report said the preliminary reading on the consumer sentiment index for December came in at 93.8 compared to the final November reading of 88.8. Economists had expected the index to show a more modest increase to 89.5.

With the much bigger than expected increase, the consumer sentiment index reached its highest level since January of 2007.

Paul Dales, Senior U.S. Economist at Capital Economics, said, "Confidence is clearly being boosted by record high equity prices, the breakneck pace of job growth and the plunge in gasoline prices."

Read more: http://www.rttnews.com/2430523/u-s-consumer-sentiment-index-jumps-to-nearly-eight-year-high-in-december.aspx?type=gleco

[eppur_se_muova]

1. How's the Worker Sentiment Index doing ?

Oh, I see. Never mind.

[Botany]

2. Wait until the next crash and we get to bail out the bankers

[llmart]

3. That damned socialist, Obama.....

he'll kill capitalism with his policies.