print-icon
print-icon

Surge In 'Hope' Lifts UMich Consumer Sentiment In Early November Survey

Tyler Durden's Photo
by Tyler Durden
Friday, Nov 08, 2024 - 03:07 PM

Preliminary November survey data from the University of Michigan showed overall US consumer sentiment jumped higher, led by 'hope' as the Expectations sub-index jumped to the highest since July 2021 (while current conditions dipped)...

Source: Bloomberg

Expectations over personal finances climbed 6% in part due to strengthening income prospects, and short-run business conditions soared 9% in November.

 

Long-run business conditions increased to its most favorable reading in nearly four years.

Inflation expectations were mixed with 12-month expectations dropping to 2.6% - the lowest since Dec 2020 - while the medium-term expectations inched higher...

Source: Bloomberg

The median value of consumers' equity market holdings hit a new record high but expectations for future performance dipped a little...

Source: Bloomberg

Ironically, Democrats' confidence rose in the latest survey while Independents tumbled...

Source: Bloomberg

This survey was taken before the election.

0
Loading...

NEVER MISS THE NEWS THAT MATTERS MOST

ZEROHEDGE DIRECTLY TO YOUR INBOX

Receive a daily recap featuring a curated list of must-read stories.

Want more of the news you won't get anywhere else?

Sign up now and get a curated daily recap of the most popular and important stories delivered right to your inbox.