CONSUMER CONFIDENCE SURGES

The
preliminary results of the University of Michigan’s December consumer confidence survey are out.
The report’s headline index surged to 82.5 from November’s 75.1 reading. Economists predicted a smaller advance to 76.0.

The economic conditions sub-index advanced to 97.9 from 88.0, while the economic outlook sub-index advanced to 72.7 from 66.8.

Inflation expectations one year ahead rose to 3.0% from 2.9%, while expectations for inflation five years ahead fell to 2.8% from 2.9%.

Click here to refresh for the latest updates »

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.