Consumer sentiment edges down

University of Michigan November consumer sentiment index 76.9 vs. 77.0 expected and 77.0 preliminary estimate; compares with 81.8 in October.

Current conditions index 87.0 of vs. 85.8 expected and 85.8 prior.

Expectations index 70.5 vs. 71.3 expected and 71.8 prior.

The November data were less optimistic than last month due to the resurgence in COVID-19 infections and deaths as well as partisan shifts due to the outcome of the presidential election, according to Surveys of Consumers Chief Economist Richard Curtin.