Bloomberg News

U.S. Michigan Consumer Sentiment Index Rose to 73.8 in January

February 01, 2013

U.S. Michigan Consumer Sentiment Index Rose to 73.8

Pedestrians carry shopping bags on Market Street in San Francisco. Photographer: David Paul Morris/Bloomberg

The Thomson Reuters/University of Michigan final index of U.S. consumer sentiment for January rose to 73.8 from 72.9 at the end of the previous month.

Economists projected 71.5 for the gauge after a preliminary January reading of 71.3, according to the median estimate in a Bloomberg survey. Projections of the 62 economists surveyed ranged from 69 to 74.

The index averaged 64.2 during the last recession and 89 in the five years before the 18-month economic slump that ended in June 2009.

In a separate report today, the Labor Department said payrolls rose 157,000 in January.

For Related News and Information:

To contact the reporter on this story: Jeanna Smialek in Washington at jsmialek1@bloomberg.net

To contact the editor responsible for this story: Kevin Costelloe at kcostelloe@bloomberg.net


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