FXstreet.com (Barcelona) -Consumer sentiment has brightened somewhat in the U.S. in January, despite consumers' concern of a deep an long recession period ahead, according to the latest Reuters/University of Michigan Survey of Consumers.
The index of consumers' sentiment has risen to 61.2 in January from 60.1 in December, although it remains in levels well below the 78.4 posted in January 2008. Consumer sentiment has posted its second consecutive increase from the 55.3 low posted in November.
Economic expectations index improved to 57.8 in January from 54.0 in December. It was at a 68.1 level in January 2008.