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- U.S. consumer sentiment improves more than initially estimated in November
U.S. consumer sentiment improves more than initially estimated in November
The final
reading for the November Reuters/Michigan index of consumer sentiment came in
at 96.8 compared to a preliminary reading of 95.7 and the October final reading
of 95.5. That was the highest reading since July.
Economists had
forecast the index to be unrevised at 95.7.
According to
the report, the index of the current economic conditions fell to 111.6 from
October’s final reading of 113.2.
Meanwhile, the
index of consumer expectations jumped to 87.3 from October’s final reading of 84.2.
The report
notes that the November 2019 consumer sentiment figure was nearly identical to
the average level recorded since the start of 2017 (97.0).
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