- US: UoM Consumer Sentiment Index falls to 67.4 (final) in November vs. 66.8 expected
Market news
24 November 2021
US: UoM Consumer Sentiment Index falls to 67.4 (final) in November vs. 66.8 expected
- The UoM's final estimate of Consumer Sentiment for November was revised a little higher from the flash estimate to 67.4.
- That still marks its weakest reading since 2011.
The University of Michigan's (UoM) final estimate of the Consumer Sentiment Index came in at 67.4 in November, slightly above the flash estimate of 66.8 released earlier in the month, but well down from October's reading of 71.7. That still marks the weakest reading since 2011.
The Current Conditions Index rose to 73.6 from the flash estimate of 73.2, while the Consumer Expectations Index rose to 63.5 from the flash estimate of 63.0.
Market Reaction
FX markets did not pay much attention to the modest positive revisions to the final UoM consumer sentiment survey.
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page