The final Univ. of Michigan consumer confidence for December will be released at 9:55 AM ET. The estimate is for a small dip to 93.5 vs 93.8 in the preliminary release. The reading of 93.8 was the highest number since January 2007.

In the last report both the economic conditions and the economic outlook also moved to new multi-year highs. The economic conditions reached 105.7. This is the highest reading since February 2007. For the economic outlook, the reading of 86.1 was the highest since January 2007.

Trends in Univ of Michigan consumer confidence.

Trends in Univ of Michigan consumer confidence.