Econoday Economic Report: November
By News
Published 4 years ago on
November 11, 2019
Share
[aggregation-styles]
Econoday
Econoday
Consumer sentiment is steady and favorable, at 95.7 for the preliminary November reading and very near October’s 95.5 and the monthly average since November last year of 95.9. Inflation expectations remain low, unchanged at 2.5 percent for the year-ahead outlook though up 1 tenth to 2.4 percent for the 5-year outlook.
One in four respondents in the survey cited tariffs as an important issue for the economy, in continuing contrast to the impeachment proceedings where concern, according to the report, is “virtually non-existent”. For consumers, employment followed by the stock market are the two central factors affecting confidence and the news on both this year has been solid.
At a consensus 96.0, forecasters see slight improvement in consumer sentiment for November which ended October at 95.5 (revised from a 96.0 preliminary October score). Of note in October’s report were sharp declines in inflation expectations.
One in four respondents in the survey cited tariffs as an important issue for the economy, in continuing contrast to the impeachment proceedings where concern, according to the report, is “virtually non-existent”. For consumers, employment followed by the stock market are the two central factors affecting confidence and the news on both this year has been solid.
At a consensus 96.0, forecasters see slight improvement in consumer sentiment for November which ended October at 95.5 (revised from a 96.0 preliminary October score). Of note in October’s report were sharp declines in inflation expectations.
By Econoday | 11 Nov 2019
RELATED TOPICS:
The Ideas Letter Explores Diverse Perspectives on Global Issues
World /
1 hour ago
Armenia Offers Safe Home for Gaza Manuscripts, Denounces Civilian Targeting
World /
1 hour ago
Trump Fined $1,000 for Gag Order Violation in Hush Money Case as Judge Warns of Possible Jail Time
Politics /
1 hour ago
Merced County Deputy Ranks So Depleted That Sheriff Warnke Goes on Calls
Latest /
1 hour ago
Russia Warns Britain and Plans Nuclear Drills Over the West’s Possible Deepening Role in Ukraine
World /
1 hour ago
Israel Orders Al Jazeera to Close Its Local Operation, Seizes Some Equipment
World /
1 day ago
Latest
Videos
Weather /
42 mins ago
Sierra Records Snowiest Day of the Season With Potent Storm
World /
1 hour ago
The Ideas Letter Explores Diverse Perspectives on Global Issues
World /
1 hour ago
Armenia Offers Safe Home for Gaza Manuscripts, Denounces Civilian Targeting
Politics /
1 hour ago