Consumers Are Becoming More Confident in Future Conditions

By December 9, 2011Economy

Consumers became more optimistic in December, with the Survey of Consumers from University of Michigan and Thomson Reuters showing confidence at its highest level since June. The consumer sentiment index, which had fallen to 55.7 in August, rose to 67.7 in December, up 3.6 points from November.

Higher expectations for future growth helped to drive these numbers. The index for expected economic conditions increased from 55.4 last month to 61.1 now. 

Inflationary expectations remained mostly unchanged, with prices expected to rise 3.1 percent over the next year.

Overall, these numbers suggest that consumers are becoming more confident that the economy will improve. While sentiments remain subpar, this is a good sign as we move further into the holiday season. 

Chad Moutray is chief economist, National Association of Manufacturers.


Chad Moutray

Chad Moutray

Chad Moutray is chief economist for the National Association of Manufacturers (NAM) and the Director of the Center for Manufacturing Research for The Manufacturing Institute, where he serves as the NAM’s economic forecaster and spokesperson on economic issues. He frequently comments on current economic conditions for manufacturers through professional presentations and media interviews. He has appeared on Bloomberg, CNBC, C-SPAN, Fox Business and Fox News, among other news outlets.
Chad Moutray

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