Keeping you up to date on the latest data releases.
- Consumer Sentiment
The University of Michigan Index of Consumer Sentiment ticked up in early November from 67.7 to 69.3, its highest level since June. Much of the overall gain came from a 3.1 point increase in the current conditions component (which rose from 76.6 to 79.7), as consumer expectations edged up only 0.8 point to 62.7. One-year-ahead average inflation expectations rose from 3.3 percent to 3.6 percent in November, while the median year-ahead expectation increased from 2.7 percent to 3.0 percent. Longer-term (5-10 year-ahead) expectations edged northward on average—from 3.0 percent to 3.2 percent in November—but the median expectation was unchanged at 2.8 percent.