News

US: UoM Consumer Sentiment Index falls to 67.4 (final) in November vs. 66.8 expected

  • The UoM's final estimate of Consumer Sentiment for November was revised a little higher from the flash estimate to 67.4. 
  • That still marks its weakest reading since 2011. 

The University of Michigan's (UoM) final estimate of the Consumer Sentiment Index came in at 67.4 in November, slightly above the flash estimate of 66.8 released earlier in the month, but well down from October's reading of 71.7. That still marks the weakest reading since 2011. 

The Current Conditions Index rose to 73.6 from the flash estimate of 73.2, while the Consumer Expectations Index rose to 63.5 from the flash estimate of 63.0. 

Market Reaction

FX markets did not pay much attention to the modest positive revisions to the final UoM consumer sentiment survey.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.