Preliminary November Consumer Sentiment increases to 93.1

The preliminary University of Michigan consumer sentiment index for November was at 93.1, up from 90.0 in October. "Confidence rose in early November mainly due to a stronger outlook for the domestic economy. Overall, the most recent confidence reading was equal to the average during the first ten months of 2015, and higher than any year since 2004. Two trends dominated the early November data: consumers anticipated somewhat larger income increases during the year ahead as well as expected a somewhat lower inflation rate. This meant that consumers held the most favorable inflation-adjusted......(read more)

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