Mumbai, Dec. 22 -- Consumer sentiment in the U.S. rebounded by less than previously estimates in the month of December, according to revised data released by the University of Michigan on Friday.
The University of Michigan said its consumer sentiment index for December was downwardly revised to 52.9 from a preliminary reading of 53.3.
Despite the downward revision, the index is still above the November reading of 51.0, which marked its lowest level since hitting a record low of 50.0 in June 2022.
The increase compared to the previous month reflected an improvement in consumer expectations, with the index of consumer expectations surging to 54.6 in December from 51.0 in November.
Meanwhile, the University of Michigan said the current eco...