Consumer Sentiment Continues To Rise

Ann Arbor, MI, Nov. 26, 2014 -- Consumer sentiment in November hit its highest level in more than seven years, according to the Thomson Reuters/University of Michigan's final November reading.

The index came in at 88.8, its highest reading since July 2007. That was up from the 86.9 in October but slightly below the preliminary November reading of 89.4.

"Consumers more frequently reported hearing about positive rather than negative economic developments in the November survey, with reports of improving employment the dominant news item," survey director Richard Curtin said in a press release.

"While there was no change in evaluations of the current performance of the economy or the year-ahead outlook - both remained at positive levels - the longer term economic outlook improved substantially."