by Bill McBride on 12/12/2014 09:55:00 AM
Friday, December 12, 2014
Click on graph for larger image.
The preliminary Reuters / University of Michigan consumer sentiment index for December was at 93.8, up from 88.8 in November.
This was above the consensus forecast of 89.5 and is at the highest level since before the recession. Lower gasoline prices and a stronger economy are probably the reasons for the sharp increase.