The University of Michigan's final November consumer sentiment index reading was 98.5, compared to the preliminary November 97.8 and the final October 100.7, according to market sources.

The expectations index was 88.9, compared to the preliminary November 87.6 and the final October 90.5.

The current conditions index was 113.5, compared to the preliminary November 113.6 and the final October 116.5.

Economists polled by IFR Markets had predicted a 98.0 reading for the main index.

The five-year inflation expectation index was 2.4%, compared to 2.5% in October, while the one-year inflation expectation index was 2.5%, compared to 2.4% in October.

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

The Institute for Social Research at the University of Michigan, which releases the consumer sentiment report.
The Institute for Social Research at the University of Michigan, which releases the consumer sentiment report. Bloomberg News

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Gary Siegel

Gary Siegel

Gary Siegel has been at The Bond Buyer since 1989, currently covering economic indicators and the Federal Reserve system.