Consumer sentiment improves on signs of ‘modest improvement' in economy

Core Insights - The University of Michigan's consumer sentiment index increased to 54 in a preliminary reading for January, up from 52.9 in the previous month, marking the second consecutive gain and the highest level since September [1] Summary by Category - Consumer Sentiment - The consumer sentiment index rose to 54, indicating improved consumer confidence [1] - This increase represents a positive trend, as it is the second straight gain [1] - The current level is the highest since September, suggesting a potential recovery in consumer attitudes [1]