American consumers are optimistic

Consumer sentiment in the US has reached an unexpected peak since January 2008. Besides, the number of layoffs has remarkably decreased since the same period last year.

The Michigan consumer sentiment index has risen by June from 73.6 points to 76. The rate has exceeded Reuters’ expectation of 75.5 points. The number of layoffs has been halved since June last year. The annual inflation expectation index has grown from 2.7 to 2.8 percent and the five-yeear expectations have stagnated on 2.8 percent – writes tozsdeforum.hu.