News

Consumer Sentiment Unexpectedly Increases

A new survey finds consumers feeling a bit better about the nation’s economy. But consumer sentiment is still at historically-low levels. The latest Thomson Reuters-University of Michigan consumer sentiment index rose during November. It stands at 64-point-2. Last month it was 60-point-9. That’s a bigger increase than many analysts had forecast, and could translate into more consumer spending, which makes up the largest portion of the economy. The survey also found that those polled believe inflation will ease in the coming years. Still, the numbers are about 25 percent lower than those seen when the economy is not struggling – and even lower than those found during other times of recession.