Economics
U.S. Michigan Consumer Sentiment Increases to Five-Month High
This article is for subscribers only.
Confidence among U.S. consumers increased more than forecast in November to the highest level in five months, indicating the biggest part of the economy may pick up.
The Thomson Reuters/University of Michigan final index of consumer sentiment rose to 71.6 during the month from 67.7 in October. Economists projected a reading of 69.5, according to the median estimate in a Bloomberg News survey. The preliminary November figure was 69.3. Measures of the six-month outlook and current conditions both rose to five-month highs.