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.
The divergence in sentiment between Democrats and Republicans remains vast but for the first time in six months, Democrats’ confidence improved…
Notably buying climates fell across the board…
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…
Fri, 11/08/2019 – 10:13