US Consumer Sentiment Up to 5-Month High


The preliminary reading of the University of Michigan's consumer sentiment for the United States increased to 91.6 in November of 2016 from a final reading of 87.2 in October. It is the highest reading since June as consumers were more confident about future and present conditions and inflation expectations increased.

The gauge of current economic conditions rose to 105.9 from a final reading of 103.2 in October and the gauge of current expectations increased to 82.5 from 76.8.

Americans expect the inflation rate to be 2.7 percent in the next year, higher than 2.4 percent in October and also 2.7 percent over the next 5 years (2.4 percent in October).

US Consumer Sentiment Up to 5-Month High


University of Michigan | Joana Taborda | joana.taborda@tradingeconomics.com
11/11/2016 4:27:26 PM