UMich November prelim consumer sentiment 73.0 vs 71.0 expected

Guess 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 priorExpectations 78.5 vs 74.1 prior1-year inflation 2.6% vs 2.7% prior (lowest since Dec. 2020) 5-year inflation 3.1% vs 3.0% priorThis 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.

Nov 8, 2024 - 21:10
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UMich November prelim consumer sentiment 73.0 vs 71.0 expected

Guess 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.

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