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U.S. Michigan Consumer Sentiment Hits 3.5-Year Low in November Preliminary Reading

The University of Michigan’s early November survey shows consumer confidence at its weakest since mid-2020, reflecting economic pressures.

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Terms & Concepts
  • Consumer Sentiment Index: A measure of consumer confidence in the economy, often indicating future spending patterns.
  • University of Michigan Survey: A monthly U.S. survey that assesses consumer confidence through household interviews.