Democrats’ Economic Confidence Rises For First Time In 6 Months, Buying-Climate Weakens

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Democrats’ Economic Confidence Rises For First Time In 6 Months, Buying-Climate Weakens

After September and October’s notable rebound in sentiment, the preliminary November UMich showed continued improvement, rising from 95.5 to 95.7, driven by hope as current conditions slipped.

  • Current economic conditions index fell to 110.9 vs. 113.2 last month.

  • Expectations index rose to 85.9 vs. 84.2 last month.

Democrats' Economic Confidence Rises For First Time In 6 Months, Buying-Climate Weakens

Source: Bloomberg

The divergence in sentiment between Democrats and Republicans remains vast but for the first time in six months, Democrats’ confidence improved…

Democrats' Economic Confidence Rises For First Time In 6 Months, Buying-Climate Weakens

Source: Bloomberg

Notably buying climates fell across the board…

Democrats' Economic Confidence Rises For First Time In 6 Months, Buying-Climate Weakens

Source: Bloomberg

And finally, we note that UMich’s smoothed average of the buying climate for major appliances suggests that the best is over for the US unemployment rate…

Democrats' Economic Confidence Rises For First Time In 6 Months, Buying-Climate Weakens

Source: Bloomberg


Tyler Durden

Fri, 11/08/2019 – 10:13

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