Consumer expectations improve

 In early December reports, consumer sentiment increased, to a  reading of 67.7,  but fell 9.13 percent below the level seen last year.

  • close
    This chart shows annual consumer sentiment readings over the past decade. Consumer sentiment has seriously eroded over the past few months, an indication that consumers are tightening on spending.
    View Caption
  • About video ads
    View Caption

Today's early release of the Reuters/University of Michigan Survey of Consumers for December indicated improvement in consumer sentiment with a reading of 67.7 but falling 9.13% below the level seen last year while one year inflation expectations declined slightly at 3.1%.

The Index of Consumer Expectations (a component of the Conference Board's Index of Leading Economic Indicators) rose to 61.1, and the Current Economic Conditions Index climbed to 77.9.

It's important to recognize that consumer sentiment has seriously eroded over the past few months with the current results remaining near levels not seen since 1980, a major indication that consumers are in the process of tightening even further on spending.

The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here.To add or view a comment on a guest blog, please go to the blogger's own site by clicking on

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.