- Consumer confidence in the United States deteriorated in November.
- The USD shows no significant reaction to this data.
The consumer sentiment index in the US has decreased from 81.8 points in October to 76.9 (final) in Novemberthe latest consumer surveys from the University of Michigan showed Wednesday. This figure has been lower than market expectation and the previous estimate of 77 points.
Additional details of the publication have revealed that the index of current economic conditions rose to 87 from 85.9 and consumer expectations index fell to 70.5 from 79.2.
When commenting on the data, “Vaccine approval will raise concerns about vaccination priorities, especially when accompanied by an expected increase in the number of deaths in the coming months“said the chief economist of consumer surveys, Richard Curtin.”These events are likely to promote more lockdowns and lockdown orders, in addition to mandatory face masks and social distancing“.
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