Replies to post #444 on Scribbles

[Bryan (a.k.a. Bryan)]

Consumer Sentiment Index 83.5 (Nov) vs. 82.7 (Oct)



Dismal Scientist
Consumers continue to show surprising resilience following the September 11 attacks, bioterrorism scares, and an economic recession. Both of the main component indices of the survey showed a slight improvement in the mid-November release.
http://www.dismal.com/dismal/dsp/release.asp?r=usa_csent

NEW YORK, Nov 9 (Reuters) - U.S. consumer sentiment rose unexpectedly in early November as a rebound in sickly U.S. stocks helped Americans shrug off mounting job cuts and deteriorating economic conditions since Sept. 11, market sources said on Friday.

The University of Michigan's preliminary November consumer sentiment index rose to 83.5 from 82.7 in October. That stood in sharp contrast to analysts' forecasts for a fall to 78.7 and a steep drop in the Conference Board's October consumer confidence index.

The current conditions index, which gauges Americans' views on their present financial situation, rose to 94.9 in November from 94.0 in October. And the expectations index, which tracks consumers' attitudes about the coming year, edged up to 76.2 in November from 75.5 in October.

The preliminary consumer sentiment survey is based on telephone interviews with 250 Americans across the country on personal finances, business conditions and buying conditions. The survey is updated later in the month. The survey, conducted since 1946, is released directly to subscribers.

Friday, 9 November 2001 14:48:21