Key Insights
- Michigan Consumer Sentiment improved from 69.7 in December to 79 in January.
- Current Economic Conditions increased from 73.3 to 81.9.
- Factory Orders increased by 0.2% month-over-month in December.
On February 2, 2024, the University of Michigan released the final reading of the Michigan Consumer Sentiment report for January. The report indicated that Consumer Sentiment increased from 69.7 in December to 79 in January, compared to analyst consensus of 78.9.
Current Economic Conditions improved from 73.3 in December to 81.9 in January, while Index of Consumer Expectations grew from 67.4 to 77.1.
The University of Michigan commented: “After reserving judgment last fall about whether the slowdown in inflation would persist, consumers now…
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