Consumer Sentiment Up in November

Ann Arbor, MI, November 24–Consumer sentiment brightened slightly in November, helped by cheaper gasoline and a better jobs outlook, a survey released on Wednesday showed.

The University of Michigan’s final reading of its consumer confidence index for November was 92.8, up from a final October reading of 91.7, according to market sources who saw the subscription-only report.

Analysts on average had forecast the index would rise to 96.0. The November preliminary reading came in at 95.5.