US Consumer Sentiment Revised Up to 6-Month High


The final reading of the University of Michigan's consumer sentiment for the United States rose to 93.8 in November 2016 compared to a preliminary figure of 91.6 and a final 87.2 in October. It was the strongest reading since May this year, as consumers' expectations regarding their personal finances and prospects for the national economy improved sharply.

The gauge of current economic conditions rose to to 107.3 from a preliminary reaing of 105.9 and a final of 103.2 in October; and the barometer of future expectations rose to 85.2 from 82.5 in the preliminary estimate and 76.8 the previous month.

Americans expect the inflation rate to be 2.4 percent in the next year, the same as in October; and 2.6 percent over the next 5 years, up from 2.4 percent the previous month.

US Consumer Sentiment Revised Up to 6-Month High


University of Michigan | Joana Ferreira | joana.ferreira@tradingeconomics.com
11/23/2016 3:12:24 PM