Preliminary data released by the University of Michigan on Friday showed consumer sentiment in the U.S. has deteriorated by much more than expected in the month of November.
The University of Michigan said its consumer sentiment index slid to 60.4 in November from 63.8 in October. Economists had expected the index to edge down to 63.7.
The consumer sentiment index decreased for the fourth consecutive month, falling to its lowest level since hitting 59.0 in May.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.