- The final reading for the University of Michigan Consumer Sentiment Index for November was lower to 91.3 from a preliminary reading of 93.1. The final number came in below the Briefing.com consensus estimate, which expected the reading to be unchanged. In the same period a year ago, the Index stood at 88.8.
- The November reading is just below the average of 91.6 for the past six months.
- The Current Economic Conditions Index was 104.3 versus 102.3 in October while the Index of Consumer Expectations rose to 82.9 from 82.1 in October. The readings for both indexes stood at 102.7 and 79.9, respectively, in the same period a year ago.
- The synopsis of the final reading indicates that consumers "have become increasingly aware of economic cross currents in the domestic as well as the global economy." In addition, it was noted that households with incomes of the top third of the distribution, which account for more than half of all spending, expressed a "more cautious optimism" due to "somewhat weaker personal financial prospects and a greater insistence that their purchases will be contingent on the availability of discounted prices and reduced interest rates."