Updated: 07-Nov-25 10:12 ET

November Univ. of Michigan Consumer Sentiment - Prelim

Updated: 07-Nov-25 10:12 ET

Highlights

• The preliminary University of Michigan Consumer Sentiment reading for November fell to 50.3 (Briefing.com consensus: 54.0) from the final reading of 53.6 for October.
• In the same period a year ago, the index stood at 71.8.

Key Factors

• The Current Economic Conditions Index decreased to 52.3 from 58.6 in October. In the same period a year ago, the index stood at 63.9.
• The Index of Consumer Expectations slipped to 49.0 from the final reading of 50.3 for October. In the same period a year ago, the index stood at 63.9.
• Year-ahead inflation expectations increased to 4.7% from 4.6% in October.
• Long-run inflation expectations declined to 3.6% from 3.9% in October.

Big Picture

• The key takeaway from the report is that the decline in sentiment was widespread across the population, with one notable exception: consumers within the largest tercile of stock holdings.

Category	NOV	OCT	SEP	AUG	JUL
Sentiment	50.3	53.6	55.1	58.2	61.7
Outlook	49.0	50.3	51.7	55.9	57.7
Present conditions	52.3	58.6	60.4	61.7	68.0