Connect With PPD
Follow Us:
Economy

Final Consumer Sentiment Gains in November, Average Since Trump Inauguration Highest Since 2000

Survey of Consumers Holding at Levels Not Seen Since 1998-2000

The Survey of Consumers final reading on consumer sentiment in November ticked higher to 96.8, beating the forecast range. The ≥ 90.0 average is a level of optimism not seen this century.

That’s up from the preliminary reading of 95.7 for November and from 95.5 in October. It is the highest reading in four months.

Forecasts ranged from a low of 93.0 to a high of 96.0. The consensus forecast was 95.7, mirroring the prior reading.

The final reading for November is nearly identical to the average level since the start of 2017 (97.0). The date is marked by the Inauguration of President Donald J. Trump.

In 30 of those 35 months consumer sentiment was 95.0 or higher, a level rivaled only by the period from January 1998 to December 2000. During that period, the Sentiment Index was above 100.0 for 34 out of 36 months.

One side anticipates a recession, while the other side expects an uninterrupted expansion in the year ahead. To be sure, there is ample reason for both optimism as well as pessimism, but not the extreme differences voiced by these groups. 

READ FULL STORY

SubscribeSign In
PPD Business Staff

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

Share
Published by
PPD Business Staff

Recent Posts

Media’s Worst Russian Collusion Sins May Soon Be Repeated

The most damning journalistic sin committed by the media during the era of Russia collusion…

1 year ago

Study: Mask-Mandates and Use Not Associated With Lower Covid-19 Case Growth

The first ecological study finds mask mandates were not effective at slowing the spread of…

3 years ago

Barnes and Baris on Big Tech’s Arbitrary Social Media Bans

On "What Are the Odds?" Monday, Robert Barnes and Rich Baris note how big tech…

3 years ago

Barnes and Baris on Why America First Stands With Israel

On "What Are the Odds?" Monday, Robert Barnes and Rich Baris discuss why America First…

3 years ago

Personal Income Fell Significantly in February, Consumer Spending Weaker than Expected

Personal income fell $1,516.6 billion (7.1%) in February, roughly the consensus forecast, while consumer spending…

4 years ago

Study: Infection, Vaccination Protects Against Covid-19 Variants

Research finds those previously infected by or vaccinated against SARS-CoV-2 are not at risk of…

4 years ago

This website uses cookies.