Nine-month low in the US consumer sentiment in November

By: Trademagazin editor Date: 2021. 12. 02. 11:00

Consumer sentiment in the United States deteriorated more than expected in November, according to a report by the Conference Research Institute for Economic Research.

Not very optimistic about US consumers

The sentiment index fell 109.5 points in November from 111.6 points in October instead of the expected 111.0 points. The index has been at its lowest level in nine months since February this year.

Both the components of the index, the indicator quantifying both the assessment of the current situation and the assessment of the outlook, have declined. The measure of the assessment of the current situation fell by 142.5 points from 145.5 points in October, and the indicator of the assessment of the outlook fell to 87.6 points from 89.0 points. (MTI)