TechFlow news, December 5 — According to Jinshi Data, Joanne Hsu, director of the University of Michigan Survey of Consumers, said consumer sentiment rose 2.3 points to 53.3 in early December, a gain within the margin of error. The increase this month was concentrated primarily among younger consumers. While views on current conditions changed little, expectations improved—personal financial outlook rose 13%, with improvements seen across all age groups, income levels, education backgrounds, and political affiliations. However, the December index for personal financial expectations remains nearly 12% lower than at the beginning of the year. Labor market expectations improved slightly but remain relatively weak. Consumers noted modest improvements compared to November on some indicators, but overall sentiment remains broadly cautious, with high prices continuing to be a major source of pressure. Looking ahead, one-year inflation expectations declined from 4.5% in November to 4.1% in December, the lowest level since January 2025 and marking four consecutive months of decline. Nevertheless, short-term inflation expectations remain above January's 3.3%. Long-term inflation expectations dipped from 3.4% in November to 3.2% in December, matching the reading from January 2025.
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