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US consumer sentiment deteriorates in November

Staff Writer |
US consumer sentiment deteriorated a little more than expected this month, according to a final reading from the University of Michigan.

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The consumer sentiment index fell to 97.5 from 98.6 in October and 98.5 in November last year, below the preliminary reading and expectations of 98.3.

Meanwhile, the index of current economic conditions declined to 112.3 in November from 113.1 the month before and 113.5 in the same month last year.

The index of consumer expectations slipped to 88.1 this month from 89.3 the month before and 88.9 in November 2017.

Surveys of Consumers chief economist Richard Curtin pointed out that the November reading was nearly in the middle of the 11-month range of 95.7 to 101.4.

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