New York, NY, November 10, 2006--Consumer sentiment weakened slightly in early November, a report showed Thursday, as consumers scaled back their view of their current and future financial conditions.
The University of Michigan's preliminary reading on consumer sentiment in November was 92.3, down from October's reading of 93.6, said sources who saw the subscription-only report.
The median forecast of Wall Street economists was for a reading of 93.6.
The declines in the latest survey's readings were small but just enough to cast worries on how consumers would spend during the holiday shopping season.
The survey's index of current conditions slipped to 106.5 in early November from 107.3 in October, while consumer expectations dipped to 83.2 from 84.8 in October.
