• The preliminary UMich consumer sentiment for January is reported at 78.8 points, significantly exceeding the expected 70.0 points.
  • December’s consumer sentiment was initially reported at 69.7 points.

Components of the Index:

  • Current conditions component stands at 83.3 points, an increase from the prior reading of 73.3 points.
  • Expectations component is at 75.9 points, up from the prior reading of 66.4 points.

Inflation Expectations:

  • One-year inflation expectations are reported at 2.9%, down from the prior reading of 3.1%.
  • Five-year inflation expectations are reported at 2.8%, a slight decrease from the prior reading of 2.9%