Consumer Sentiment Rose in November

Consumer Sentiment rose 6.6 points in November to 93.8, according to the University of Michigan Consumer Sentiment Index.

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The Current Economic Conditions Index rose 4.1 points to 107.3, while the Consumer Expectations Index rose 8.4 points to 85.2.

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The initial reaction of consumers to Trump’s victory was to express greater optimism about their personal finances as well as improved prospects for the national economy,” said Richard Curtin, Chief Economist of UM Surveys of Consumers. “The post-election boost in optimism was widespread, with gains recorded among all income and age subgroups and across all regions of the country.”

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About Author

Tyler Mondres

Tyler Mondres is a research specialist in ABA's Center for Payments and Cybersecurity and a frequent contributor on fintech topics to the ABA Banking Journal.