Consumer sentiment below expectations in final Nov. read

Published November 21, 2018, 10:06 a.m. EST

Updated July 28, 2020, 11:30 a.m. EDT

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The University of Michigan's final November consumer sentiment index reading was 97.5, compared to the preliminary November 98.3 and the final October 98.6, according to market sources.

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u-of-mich-bl — The Institute for Social Research, which releases the consumer sentiment report, on the campus of the University of Michigan in Ann Arbor, Michigan is seen on March 16, 2004. The University of Michigan said the FBI and college officials are investigating ``the unauthorized access and public release'' of its February consumer sentiment report. The index was published by the Market News International news service before being released to subscribers on Feb. 13, Richard Curtin, director of the university's Institute for Social Research, which compiles the index, said in an interview. Photographer: Brett Mountain/ Bloomberg News. Photo: BRETT MOUNTAIN)

The expectations index was 88.1 compared to the preliminary November 88.7 and the final October 89.3.

The current conditions index was 112.3, compared to the preliminary November 113.2 and the final October 113.1.

Economists polled by IFR Markets had predicted a 98.3 reading for the main index.

The five-year inflation expectation index was 2.6%, compared to 2.4% 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.

Gary Siegel

Managing Editor

Gary Siegel is a journalist with more than 35 years of experience. He started his professional career at the Long Island Journal newspapers based in... Read full bio

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