Consumer Sentiment Reaches 6-Month High
The comsumer sentiment reading increased for December coming in at 67.7, up from the November reading of 64.1. This is the highest reading since June and the 4th consecutive month of gains since the 2011 low of 55.7 in August.This survey measures the attitudes and expectations concerning both present and future economic conditions of 500 consumers. Just like Consumer Confidence, the level of consumer sentiment is directly related to the strength of consumer spending.
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Cindy Bradley Mortgage Team, Cheyenne, Wyoming