• TRM (USD/COP)COP 3,228.26 +0.22% +COP 7.07Colombia's official exchange rate (Financial Superintendence), valid Nov 6 to Nov 6
  • EuroCOP 3,604.34 -0.31% -COP 11.12Reference: TRM crossed with the European Central Bank rate of Nov 6; not the market quote
  • Mexican pesoCOP 172.60 -0.39% -COP 0.67Reference: TRM crossed with the European Central Bank rate of Nov 6; not the market quote

US consumer confidence rises to 51 in November, highest in three months

FinanceInternationalEl EspectadorAI summary
Image: El Espectador

The preliminary US consumer sentiment index rose to 51 in November from 48 in October, its highest level in three months and above the 48 estimate from economists surveyed by Bloomberg. The increase was supported by slight improvements in perceptions of personal finances and economic outlook, concentrated among independents. However, about 57% of respondents said high prices had reduced their standard of living, the highest share since May.

In 35 seconds

  • The preliminary consumer sentiment index rose from 48 in October to 51 in November, its highest level in three months.
  • The reading beat the median estimate of 48 in a Bloomberg survey of economists.
  • The improvement was concentrated among independents, while confidence deteriorated among Democrats and Republicans.
Read the full story at El Espectador

IASummary generated by artificial intelligence from a story by El Espectador. It may contain errors: the original source prevails.

Comments

Be respectful. Comments reported by several people are hidden until a moderator reviews them.

You do not need an account to read, only to comment. Sign in with a code sent to your email or with your Google account. We only show the name you choose, never your email.

    Keep reading