Credit: Investing.com - Consumer sentiment in the U.S. rose broadly in line with preliminary estimates in December, official data showed on Monday.
In a report, the University of Michigan's said its index of overall consumer sentiment held at 82.5 this month, unchanged from an initial estimate. Analysts had expected the index to be revised up to 83.0. The Michigan consumer sentiment index stood at 75.1 in November.
The index of inflation expectations stood at 3% in December, unchanged from a preliminary reading.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD adding 0.2% to trade at 1.3700.
Meanwhile, U.S. equity markets were higher after the open. The Dow Jones Industrial Average rose 0.4%, the S&P 500 index advanced 0.45%, while the Nasdaq Composite index jumped 0.75%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
