Michigan (dpa-AFX) – Burdened by inflation fears, the consumer climate in the United States fell to a ten-year low in November. The Consumer Sense Index collected by the University of Michigan was down 4.9 points to 66.8 points compared to the previous month, the university announced Friday after an initial survey. This is the lowest level since November 2011. However, analysts expected a 72.5-point increase.
Surprisingly, the assessment of the current situation of the surveyed consumers was considerably cloudy. Surprisingly, consumer expectations fell.
The University of Michigan indicator is a measure of the buying behavior of American consumers. This is based on a survey of about 500 households by telephone. Questions to be asked, financial and economic assessment of the situation and expectations./jsl/he
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