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Economic Pulse: Week of 1/5/24

Consumer sentiment index jumped 14% in December.

 The consumer sentiment index, the CSI, which fell to its lowest level ever in June 2022, leaped 14% in December 2023, rising to 69.7, its 2nd highest level in 2 years, according to the University of Michigan.

The lowest level for this index coincided with the highest inflation in the US over the last 40 years. As inflation started to subside, the consumer sentiment index rose; it stumbled in October and November but recovered almost all that loss in December.

Click here for the latest Lehigh Valley Economic Review.

Listen to Economic Pulse Fridays at 5:44 PM during All Things Considered; Mondays at 7:30 AM during Morning Edition.

(Original air-date: 1/5/24)

Dr. Kamran Afshar has a Ph.D. in Economics and has taught at graduate and under graduate levels between 1978-88. He has vast experience in economic impact studies, feasibility studies, customer satisfaction surveys, and scientific competitive analysis.
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