Consumer Sentiment Improves In November - But With a Hitch

Consumer sentiment rose in November, but not as much as previously indicated, according to the latest monthly survey. The sentiment index finished the month with a final reading of 91.3, up from 90 in October, the University of Michigan said. But the preliminary November index had initially been higher at 93.1. Despite the downward revision, the final consumer sentiment reading for November is still near the highest level since 2007. "Consumer confidence remained quite favorable," said Richard Curtin, chief economist of the survey.