Share this story
Close X
Switch to Desktop Site

Consumer sentiment improves; still lower than last year

(Read article summary)
View video


(Read caption) This chart shows the annual change in consumer sentiment readings since 2000. After bottoming out in 2009, sentiment has yet to recover to pre-recession levels.

View photo

Today's final release of the Reuters/University of Michigan Survey of Consumers for November indicated improvement in consumer sentiment with a reading of 64.2 but falling 10.34% below the level seen last year while one year inflation expectations went flat at 3.2%.

The Index of Consumer Expectations (a component of the Conference Board's Index of Leading Economic Indicators) rose to 56.2, and the Current Economic Conditions Index climbed to 76.6.

About these ads

It's important to recognize that consumer sentiment has seriously eroded over the past few months with the current results remaining near levels not seen since 1980, a major indication that consumers are in the process of tightening even further on spending.