Mumbai, Dec. 8 -- Preliminary data released by the University of Michigan on Friday showed consumer sentiment in the U.S. has improved much more than anticipated in the month of December.
The University of Michigan said its consumer sentiment index climbed to 53.3 in December from 51.0 in November.
The bigger than expected rebound by the consumer sentiment index came after it dropped to its lowest level since hitting a record low of 50.0 in June 2022.
The report showed the index of consumer expectations jumped to 55.0 in December from 51.0 in November, while the current economic conditions index slipped to 50.7 in December from 51.1 in November.
On the inflation front, the University of Michigan said year-ahead inflation expectations tu...