Democrats’ Economic Confidence Rises For First Time In 6 Months, Buying-Climate Weakens

Democrats’ Economic Confidence Rises For First Time In 6 Months, Buying-Climate Weakens

After September and October’s notable rebound in sentiment, the preliminary November UMich showed continued improvement, rising from 95.5 to 95.7, driven by hope as current conditions slipped.

  • Current economic conditions index fell to 110.9 vs. 113.2 last month.

  • Expectations index rose to 85.9 vs. 84.2 last month.

Source: Bloomberg

The divergence in sentiment between Democrats and Republicans remains vast but for the first time in six months, Democrats’ confidence improved…

Source: Bloomberg

Notably buying climates fell across the board…

Source: Bloomberg

And finally, we note that UMich’s smoothed average of the buying climate for major appliances suggests that the best is over for the US unemployment rate…

Source: Bloomberg


Tyler Durden

Fri, 11/08/2019 – 10:13

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Author: Tyler Durden

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