U.S. consumer sentiment inched up in December, but missed expectations, according to a report released on Friday.
The Thomson Reuters/University of Michigan's preliminary December reading on the index was 91.8. That was higher than the previous month's reading of 91.3, but lower than expectations for 92 by Thomson Reuters.
The index has average 92.9 this year, the highest since 2004, the report said. The data indicates that real consumer expenditures will grow by 2.8 percent in 2016 compared to 2015.