The Thomson Reuters/University of Michigan's
preliminary reading on the overall index on consumer sentiment
for this month came in at 93.8, the highest reading since
January 2007 and above the median forecast of 89.5 among 70
economists polled by Reuters. The final November reading was
The survey's gauge of consumer expectations rose to 86.1 from
79.9, also the highest since January 2007, and beating the 80.5
The survey's barometer of current economic conditions rose to
105.7 from 102.7 and above the 101.4 forecast. It was the
highest level since February 2007.
"Expected wage gains rose to their highest level since 2008, and
consumers voiced the most favorable buying attitudes in several
decades," survey director Richard Curtin said in a statement.
The survey's one-year inflation expectation rose to 2.9 percent
from 2.8 percent, while its five-year inflation outlook also
rose to 2.9 percent from 2.6 percent last month.
(Reporting by Rodrigo Campos; Editing by Meredith Mazzilli)
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