US Consumer Sentiment Advances to Highest Level Since April
- University of Michigan confidence index rises to 73, est. 71
- Boost reflects respondents’ optimism about the future
US consumer sentiment climbed to a seven-month high in early November, boosted by Americans’ optimism about the future of the economy and their finances.
The University of Michigan’s preliminary November sentiment index advanced to 73, exceeding all but one estimate in a Bloomberg survey of economists. The group’s expectations index surged to 78.5, the highest level since mid-2021, data showed Friday.