Updated: 20-Dec-19 10:52 ET

December Univ. of Michigan Consumer Sentiment - Prelim

Updated: 20-Dec-19 10:52 ET

Highlights

• The final reading for the University of Michigan Index of Consumer Sentiment was 99.3 (Briefing.com consensus 99.1) versus the preliminary reading of 99.2. The final reading for November was 96.8.

Key Factors

• The Current Economic Conditions Index was 115.5 versus the preliminary reading of 115.2. The final reading for November was 111.6.
• The Index of Consumer Expectations was 88.9, unchanged from the preliminary reading of 88.9. The final reading for November was 87.3.

Big Picture

• The key takeaway from the report, and something sure to catch the Fed's eye, is that inflation expectations declined. Over the next five years, consumers expect an annual inflation rate of just 2.2%, which is the lowest level since the question was first asked in the survey in the late 1970s.

Category	DEC	NOV	OCT	SEP	AUG
Sentiment	99.3	96.8	95.5	93.2	89.8
Outlook	88.9	87.3	84.2	83.4	79.9
Present conditions	115.5	111.6	113.2	108.5	105.3