Consumer Sentiment Ahead of November Predictions

first_img Share Save Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Consumer Confidence Consumer Sentiment Consumer Spending Employment Jobs 2014-11-17 Tory Barringer Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Market Studies, News Tagged with: Consumer Confidence Consumer Sentiment Consumer Spending Employment Jobs The Best Markets For Residential Property Investors 2 days ago Consumer sentiment in the United States jumped more than two points in a preliminary November estimate, beating economic forecasts and hitting a more than seven-year high.The Thomson Reuters/University of Michigan Index of Consumer Sentiment registered 89.4 in a mid-month reading, the best showing since July 2007. Economists had forecast the measure would hit 87.5, with some predicting as high as 89.The survey’s current conditions indicator climbed to 103.0, up from 98.3, the University of Michigan reported. The expectations gauge also bumped up, increasing to 80.6. Both scores were the highest since 2007.Chris Christopher, director of U.S. consumer economics at IHS Global Insight, said lower gas prices are the primary cause for Americans’ cheery mood, though employment growth helped.”Falling pump prices and elevated levels of consumer mood are likely to make fourth quarter real consumer spending growth relatively robust,” Christopher said in a note. “So, the fourth quarter is looking significantly more cheerful for consumers and retailers alike.” Data Provider Black Knight to Acquire Top of Mind 2 days ago Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington’s student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News’ sister publication, MReport, which focuses on mortgage banking news. Related Articlescenter_img November 17, 2014 818 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / Consumer Sentiment Ahead of November Predictions Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe Previous: Survey: Most Industry Professionals Expect Business to Change Little in Next Six Months Next: Report: FHA’s MMI Fund Has Grown By $21 Billion Over Last Two Years Consumer Sentiment Ahead of November Predictions About Author: Tory Barringer  Print This Post Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days agolast_img

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