Keeping you up to date on the latest data releases.
- Consumer Sentiment
The University of Michigan’s Index of Consumer Sentiment held onto its gains in early November and was essentially unrevised for the month (at an index level of 64.1) increasing 3.2 points over October’s level. While the current level of sentiment is well off the historical average for the series, it has improved almost 10 points over the past four months. Both the expectations and current conditions components of the overall index improved in November. The current conditions component rose from 75.1 to 77.6 during the month, while expectations rose by 3.6 points to 55.4. Both shorter-run (one-year ahead) and longer-term (five-to-ten years ahead) median inflation expectations remained unchanged in November, at 3.2 percent and 2.6 percent, respectively.