U.S. Shopper Sentiment Exhibits Slight Enchancment In November

U.S. Consumer Sentiment Shows Slight Improvement In November


U.S. Shopper Sentiment Exhibits Slight Enchancment In November

Consumer sentiment in the U.S. has seen a slight improvement in the month of November, according to preliminary data released by the University of Michigan on Friday.

U.S. Shopper Sentiment Exhibits Slight Enchancment In November

The report said the consumer sentiment index inched up to 95.7 in November after rising to 95.5 in October. Economists had expected to index to tick up to 95.9.

U.S. Shopper Sentiment Exhibits Slight Enchancment In November

“The early November reading on consumer sentiment was nearly identical to last month’s and the average 2019 level (95.6),” said Surveys of Consumers chief economist Richard Curtin.

U.S. Shopper Sentiment Exhibits Slight Enchancment In November

He added, “Consumers did voice a slightly more positive outlook for the economy, which was offset by a slightly less favorable outlook for their own personal finances.”

U.S. Shopper Sentiment Exhibits Slight Enchancment In November

Curtin said one-in-four consumers spontaneously made negative references to tariffs but noted references to the impact of President Donald Trump’s impeachment on economic prospects were virtually non-existent.

U.S. Shopper Sentiment Exhibits Slight Enchancment In November

The report said the index of consumer expectations rose to 85.9 in November from 84.2 in October, while the current economic conditions index fell to 110.9 from 113.2.

U.S. Shopper Sentiment Exhibits Slight Enchancment In November

On the inflation front, one-year inflation expectations were unchanged from the previous month at 2.5 percent, but five-year inflation expectations crept up to 2.4 percent in November from 2.3 percent in October.

The material has been provided by InstaForex Company – www.instaforex.com



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