Final November U. of Mich. Index at 88.8 vs. 86.9 in October

The University of Michigan's final November consumer sentiment index reading was 88.8, compared to the preliminary November 89.4, and the final October 86.9, according to market sources.

The expectations index was 79.9, compared to the preliminary November 80.6, and the final October 79.6.

The current conditions index was 102.7, compared to the preliminary November 103.0, and the final October 98.3.

Economists polled by Thomson Reuters had predicted a 90.0 reading for the main index, 103.0 for current conditions, and 80.8 for expectations.

The five-year inflation expectation index was 2.6%, compared to 2.8% in October, while the one-year inflation expectation index was 2.8%, compared to 2.9% in October.

The University of Michigan index is not released to the press, but only to paying subscribers.

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