Consumer sentiment in the U.S. deteriorated less than initially estimated in the month of November, according to revised data released by the University of Michigan on Wednesday.
The report showed the consumer sentiment index for November was upwardly revised to 56.8 from the preliminary reading of 54.7. Economists had expected a more modest upward revision to 55.0.
Despite the bigger than expected upward revision, the consumer sentiment index was still well below the final October reading of 59.9.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.