U.S. consumer sentiment improved this month but remains subdued, the University of Michigan reports
By PAUL WISEMAN, Associated Press Economics Writer
WASHINGTON (AP) — U.S. consumers’ mood improved slightly this month, with worries about inflation easing a bit, but remains gloomy.
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The University of Michigan’s consumer sentiment index, released Friday in a preliminary version, rose to 53.3 early this month from a final reading of 51 in November. The index beat the 52 mark that economists had forecast but is down considerably from 71.7 in January.
Consumers’ evaluation of current economic conditions slipped slightly, but their expectations for the future brightened somewhat.