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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (16737)	11/24/2004 10:23:10 AM
From: CalculatedRisk	Read Replies (3) of 116555

UMich Finds Consumer Sentiment Up a Bit NEW YORK (Reuters) - U.S. consumer sentiment brightened slightly in November, helped by cheaper gasoline and a better jobs outlook, a survey released on Wednesday showed. The University of Michigan's final reading of its consumer confidence index for November was 92.8, up from a final October reading of 91.7, according to market sources who saw the subscription-only report. Analysts on average had forecast the index would rise to 96.0. The November preliminary reading came in at 95.5. Consumer confidence is considered a barometer in consumer spending, which accounts for two-thirds of the U.S. economy, although the correlation between consumer confidence and retail sales has not been strong in recent years. news.yahoo.com

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