Investing.com – Consumer sentiment in the U.S. fell unexpectedly in November, official data showed on Wednesday.
In a report, the University of Michigan's said its index of overall consumer sentiment fell by 0.1 points to 64.1 in November, down from a preliminary estimate of 64.2.
Analysts had expected the index to rise by 0.3 points to 64.5 in November.
The Michigan consumer sentiment index stood at 60.9 in October.
The index of inflation expectations held steady at 3.2% in November, unchanged from a preliminary estimate.
The report was released two days in advance due to the Thanksgiving Day holiday Thursday.
Following the release of the data, the U.S. dollar remained higher against the euro, with EUR/USD tumbling 1.01% to trade at 1.3369.
Meanwhile, U.S. equity markets held on to sharp losses following the data. The Dow Jones Industrial Average dropped 1.3%, the S&P 500 tumbled 1.5%, while the Nasdaq 100 fell 1.45%.
In a report, the University of Michigan's said its index of overall consumer sentiment fell by 0.1 points to 64.1 in November, down from a preliminary estimate of 64.2.
Analysts had expected the index to rise by 0.3 points to 64.5 in November.
The Michigan consumer sentiment index stood at 60.9 in October.
The index of inflation expectations held steady at 3.2% in November, unchanged from a preliminary estimate.
The report was released two days in advance due to the Thanksgiving Day holiday Thursday.
Following the release of the data, the U.S. dollar remained higher against the euro, with EUR/USD tumbling 1.01% to trade at 1.3369.
Meanwhile, U.S. equity markets held on to sharp losses following the data. The Dow Jones Industrial Average dropped 1.3%, the S&P 500 tumbled 1.5%, while the Nasdaq 100 fell 1.45%.