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.

Joel Frank Independent Analyst

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.

Author

Joel Frank

Independent Analyst

Joel Frank is an economics graduate from the University of Birmingham and has worked as a full-time financial market analyst since 2018, specialising in the coverage of how developments in the global economy impact financial asset

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