Consumer Sentiment Rises in November

Ann Arbor, MI, Nov. 11, 2011 -- Consumer sentiment rose to 64.2 in the preliminary reading for November, compared with a final October reading of 60.9, according the University of Michigan and Thomson Reuters.

Economists had expected a November reading of 63, thanks to higher stock prices and lower unemployment claims.

The sentiment reading, which covers how consumers view their personal finances as well as business and buying conditions, averaged about 87 in the year before the start of the most recent recession.