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USA: Michigan's consumer climate is surprisingly strong

USA: Michigan’s consumer climate is surprisingly strong

US consumer confidence improved more than expected in December. Consumer climate surveyed by the University of Michigan rose from 56.8 points in the previous month to 59.1 points, the university announced Friday after a preliminary estimate. Analysts only expected an increase to 57.0 points.

Thus, the consumer climate moved away from a record low of 50.0 in June. In December, both the outlook assessment and the current situation improved.

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