The Marked Chart Wire · Series of events
Series of events · Consumer Sentiment
Michigan consumer sentiment rebounds after sharp drop
The University of Michigan index fell in early October, then rose for two consecutive months to beat forecasts.
Updated
The flow in 3 points
- Index fell to 44.7 in early October, missing the 50.1 forecast
- October reading rose to 48.0, beating the 46.3 forecast
- November preliminary index hit 51, above the 48 forecast
What happened, in order
Times are Eastern-
Where it began
Sentiment falls sharply
The preliminary index came in at 44.7, well below the 50.1 forecast and the 50.9 reading from the prior month.
-
Turning point
Index rises above expectations
The index rose to 48.0 in October, beating the 46.3 forecast and the 46.3 reading from the prior month.
Read the story -
Latest
November beat expectations
The preliminary index rose to 51, exceeding the 48 forecast and the prior 48.0 reading.
Read the story
How they connect
The series tracks the University of Michigan consumer sentiment index over three months. It began with a sharp decline, followed by two consecutive months of improvement that exceeded forecasts.
A series is a short summary of connected news, for learning. Not verified and not advice. Check the full stories before you act.