Monday, November 25, 2019

U.S. Consumer Sentiment Rises to Four-Month High on Outlook

U.S. consumer sentiment extended gains in mid-November as Americans' economic outlook improved against a backdrop of solid hiring, record stock prices and the prospect of a trade truce with China.

The University of Michigan's final sentiment index advanced to 96.8 in November from 95.5 in October, data showed Friday. It was also above both the preliminary reading and median analyst estimate of 95.7. The gauge of current conditions decreased to 111.6 while the expectations index climbed to 87.3, and both were higher than in the initial report. . . . more