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Reply #21: U.S. consumer sentiment dips going into holidays [View All]

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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-22-06 09:15 AM
Response to Reply #2
21. U.S. consumer sentiment dips going into holidays
http://today.reuters.com/news/articleinvesting.aspx?typ...

NEW YORK, Dec 22 (Reuters) - U.S. consumer sentiment slipped in December but was not far from the year's highs, a report said on Friday, suggesting Americans were guardedly optimistic about the economy in the holiday season.

The University of Michigan said the final December reading of its consumer sentiment index declined to 91.7 from 92.1 in November. The drop was less severe than expected on Wall Street, where the median forecast called for a reading of 90.2.

A measure of current conditions edged up on the month to 108.1 from 106.0 in November, but expectations about the future deteriorated, to 81.2 from 83.2. Price expectations over a one-year period, an important guidepost for interest rate policy, dipped to 2.9 percent, its lowest since February 2005. That index was at 3.0 percent in November.

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