Equity News
High Morale In U.S. Amid Rising Covid Cases, Consumer Sentiment Risen This Month
On Friday, on the macro-economic front in the United States, amid the rise in the coronavirus pandemic and the return of restrictive measures in many states, American morale was holding up at the beginning of December. As calculated by the University of Michigan, the preliminary U.S. consumer sentiment climbed to 81.4 in December from a market consensus of 76.5 and 76.9 in November. Additionally, in line with the consensus of economists, the producer price index (PPI) increased by 0.1 percent in November compared to the previous month. This time, excluding food and oil, the US ‘PPI’ was up 0.1 percent
