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Americans Suddenly More Optimistic—Slightly—About The Economy
Views on the U.S. economy improved among Americans in December, the first boost since July despite settling near historic lows, according to a widely tracked survey released Friday by the University of Michigan.
Consumer sentiment—a monthly assessment of Americans’ views on the economy—rose to 53.3 in December from 51 in November, which neared the all-time low set in 2022, a reading of the University of Michigan’s study found.
The measurement also remained below the historical benchmark of 100: Any value below 100 indicates growing economic pessimism among Americans, while a reading above—which last occurred in 2018—suggests broader optimism.
Consumer sentiment last improved month-to-month in July, when the measurement jumped from a revised-up reading of 60.7 in June to 61.8.
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