UMich November prelim consumer sentiment 73.0 vs 71.0 expectedGuess what happens next?
The interviews for this survey concluded before the election but we'll see a shift in the final number and a bigger one next month.
- Current conditions 64.4 vs 64.9 prior
- Expectations 78.5 vs 74.1 prior
- 1-year inflation 2.6% vs 2.7% prior (lowest since Dec. 2020)
- 5-year inflation 3.1% vs 3.0% prior
This indicator used to be very useful but in a hyper-polarized world it now offers very little predictive power on consumer spending.
This article was written by Adam Button at www.forexlive.com.
Source: UMich November prelim consumer sentiment 73.0 vs 71.0 expected (https://www.forexlive.com/news/umich-november-prelim-consumer-sentiment-730-vs-710-expected-20241108/)
forexlive.com