US Consumer Sentiment Revised Down in November


The University of Michigan's final reading on the overall index of consumer sentiment came in at 91.3 in November of 2015, lower than a first reading of 93.1 but higher than a final reading of 90 in October. Although consumers were more optimistic over their current conditions and their future economic situation, markets were expecting a stronger sentiment in line with preliminary estimates. Meanwhile, inflation expectations for the next 5 to 10 years increased.

The barometer of current economic conditions came in at 104.3, compared to a preliminary reading of 104.8 and a final reading of 102.3 in October. The gauge of consumer expectations went up to 82.9 from 82.1 in the previous month but missing 85.6 initially reported.

Americans expect the inflation rate in the next year will came at 2.7 percent up from a first estimate of 2.5 percent and staying at the same level as in the previous month. Over the next 5 to 10 years, they expect consumer prices to increase at a faster 2.6 percent, up from 2.5 percent first reading and from 2.5 percent in the previous month.

US Consumer Sentiment Revised Down in November


University of Michigan | Joana Ferreira | joana.ferreira@tradingeconomics.com
11/25/2015 3:45:10 PM