Market news
25.11.2020, 15:22

U.S. consumer sentiment slightly worse than initially estimated in November

The final reading for the November Reuters/Michigan index of consumer sentiment came in at 76.9 compared to a preliminary reading of 77.0 and the October final reading of 81.8. This was the lowest reading since August.

Economists had forecast the index to remain unrevised at 77.0.

According to the report, the index of consumer expectations plunged 11.0 percent m-o-m to 70.5 from October’s final reading of 79.2, while the index of the current economic conditions rose 1.3 percent m-o-m to 87.0 from October’s final reading of 85.9.

“…the November data were less optimistic than last month due to the resurgence in covid infections and deaths as well as partisan shifts due to the outcome of the presidential election)”, noted Richard Curtin, the Surveys of Consumers chief economist. 

© 2000-2021. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Feedback
Live Chat E-mail
Up
Choose your language / location