Michigan consumer sentiment for the US 10/11/2023

Today, November 10th, 2023, the University of Michigan revised the consumer sentiment level at 60.4 (-5.3% M-M change), while the consensus was at 63.7. This figure is the lowest it has been since May, and consumer sentiment has been on a downward trend for four consecutive months since July high. The indicators for current economic conditions and consumer expectations also experienced a decline, falling to 65.7 and 56.9 respectively.