US consumer sentiment rises to 51.0 in November prelim, beating expectations

The University of Michigan consumer sentiment index rose to 51.0 in the preliminary November reading, beating the 48.0 estimate and up from October's final 48.0. Current conditions rose to 51.0 from 46.7 and expectations to 50.9 from 48.8, both above forecasts. One-year inflation expectations fell to 4.3% from 4.6% and five-year expectations eased to 3.4% from 3.5%.

Detected & updated continuously · Source: Nebula