US November shopper confidence 111.7 vs 111.three anticipated

• Prior was 108.7 (revised to 109.6)
• Current Scenario Index 140.9 vs. 138.zero prior
• Expectations Index 92.three vs 89.1 prior
• 12-month inflation expectations declined from 5.three% final month to four.9%

“Shopper confidence continued to enhance in November and reached the
high quality that has prevailed over the previous two years,” stated Dana Peterson, Chief Economist
at The Convention Board. “November’s enhance was primarily pushed by extra
constructive shopper assessments of the current scenario, notably
relating to the labor market. In comparison with October, shoppers had been additionally
considerably extra optimistic about future job availability, which
reached its highest degree in nearly three years. In the meantime, shoppers’
expectations about future enterprise situations had been unchanged and so they
had been barely much less constructive about future revenue.”

The cutoff date for preliminary outcomes was November 18, 2024 however many had been obtained earlier than the outcomes so it is not a clear post-election studying.

This text was written by Adam Button at www.ubaidahsan.com.



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