India, Jan. 23 -- Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. has improved much more than previously estimated in the month of January.
The University of Michigan said its consumer sentiment index for January was upwardly revised to 56.4 from a preliminary reading of 54.0. Economists had expected the index to be unrevised.
With the unexpected upward revision, the consumer sentiment index is well above the December reading of 52.9.
"While the overall improvement was small, it was broad based, seen across the income distribution, educational attainment, older and younger consumers, and Republicans and Democrats alike," said Surveys of Consumers Director Joanne Hsu.
She added, "Howeve...