Keeping you up to date on the latest data releases.
- Consumer Sentiment
The University of Michigan’s Index of Consumer Sentiment increased 3.3 points in early November to 64.2, which marks the highest index level since June of this year. A 4.4 point jump in the consumer expectations component to an index level of 56.2 (previously 51.8) paired with a more modest 1.5 increase in the current economic conditions component to an index level of 76.6 (previously 75.1) indicates a slight improvement in the outlook towards the national economy with consumers less likely to expect the economy to worsen in the year ahead. Confidence in economic policies, however, reached a new low of 58 percent of all consumers rating economic policies unfavorable. Shorter-term median inflation expectations (one-year ahead) remained unchanged in November at 3.2 percent and longer-term inflation expectations (five-years ahead) fell 0.1 percent to 2.6 percent.