Consumer Sentiment Is Having Its Best Year Since 2000
November 13, 2018
In a preliminary reading for November, the University of Michigan’s consumer sentiment index beat economist predictions, and the index is on track to have its best year in almost two decades.
The index, which tracks consumers’ opinions about their own finances and the nation’s economic health, came in at 98.3, down slightly from October’s 98.6. Economists had forecast a larger decline to 98.0. Thus far in 2018, the index has averaged 98.4, higher than any year since 2000. For comparison’s sake, five years ago, the index was at 75.1.