Consumer confidence rebounds from a 2-year low, but with an important catch
Reuters/Mike Segar
Consumer sentiment rebounded in early November after dropping to a two-year low in the prior month, according to the University of Michigan's monthly survey.
The index of consumer sentiment jumped to 91.6 from 87.2, more than economists had forecast.
"The recent gain in sentiment was driven by an improved outlook for the economy," said Richard Curtin, the survey's chief economist.
But the caveat, "unfortunately," was that data for this report was collected before the presidential election. Читать дальше...