Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  November 21, 2012 17:25:10, updated

U.S. - Consumer confidence in November rose more slowly than expected


Americans' confidence in the economy in November, according to the Index Thomson Reuters / University of Michigan increased only slightly to 82.7 points compared to 82.6 points in October. In preliminary estimates for November are featured growth to 84.9 points. Market while the average index estimated at about 84.5 points in the overall estimates range from 79.5 to 86 points. It seems that the main reason for the growth of trust are less concerned about the potential impact of falling U.S. public finances from the fiscal cliff, which massage the media consumer.
During the 18-month recession ended in June 2009, the index has averaged to 64.2 points. Five-year average before-mentioned recession was moving at 89 points.

Sub-index evaluation of current market conditions rose to 90.1 points compared to 88.1 points in October. The preliminary estimates of the featured growth to 91.3 points.

Index expectations for the next six months fell to 77.6 points from October's 79 points. In preliminary estimates for November index reaching a level of 80.8 points.
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