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US: Michigan Consumer climate is cloudier than expected

US consumer sentiment worsened more than expected in November. The University of Michigan’s Consumer Climate Survey fell 5.2 points from the previous month to 54.7. Economists had expected a decline of up to 59.5 points.

In previous months, the indicators recovered somewhat, moving away from the record high of 50.0 points reached in June. In November, the assessment of both expectations and the current situation worsened.

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