zerohedge.com / by Tyler Durden / Nov 11, 2016 10:15 AM
On the surface, the latest, November, UMichigan consumer sentiment survey was good: printing at preliminary 91.6, it was far ahead of the October 87.2 number, and significantly ahead of expectations of an 87.9 number. The Sentiment erased the small October decline to climb to its highest level since mid 2016 and rise slightly above the 2016 average of 91.1. According to the report, the recent gain in sentiment was driven by an improved outlook for the economy.
The consolidated number was the product of improvement in both the Current Economic Conditions index, which rose from 103.2 to 105.9, while expectations surged over 7% from 76.8 to 82.5.
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