S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Economy

Consumer Sentiment and Leading Indicators Show Different Takes

Photo of Jon C. Ogg
By Jon C. Ogg Updated Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Thinkstock
The University of Michigan consumer sentiment reading for the end of November, a revised number from earlier in the month, came out at 82.7, versus a prior reading of 84.9. That prior reading seemed a bit too rosy and this regrouped number looks more in-line with how the preliminary reading should have been. Bloomberg had a consensus estimate of 84.0 today, and the range was 81.0 to 87.5 from the economists surveyed.

The Conference Board also reported its leading indicators for the month of October today, and again these “leading indicators” are not as “leading” as you might guess by the name. For October this came to a gain of 0.2%, versus a Bloomberg consensus estimate of 0.2%. This was too much in-line to make much of a difference. The September leading indicators figure was up by 0.6% for a comparison.

With today’s leading figure being right on the button and with the University of Michigan being revised slightly lower, we would consider these final reports before Thanksgiving mostly as a wash, even though the numbers were in different directions.

JON C. OGG

Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. a673b.bigscoots-temp.com.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Half of America Still Feels Financially Exposed Despite 8% Jump in Security
David Beren |

Half of America Still Feels Financially Exposed Despite 8% Jump in Security
52% of Americans Are Building Wealth While Ignoring Their Greatest Risk
David Beren |

52% of Americans Are Building Wealth While Ignoring Their Greatest Risk

Continue Reading

Jon C. Ogg |

ISM Data, Consumer Sentiment and Construction Spending Bring DJIA 14,000

ThinkstockWe have two important readings out this morning, after the key unemployment report from earlier. We have seen the University…
Jon C. Ogg |

ISM Manufacturing and Consumer Sentiment in February Surge Past Expectations

ThinkstockThe stock and bond market just got two new economic readings to digest, and they are both indicating more strength…
Consumer Sentiment Gets Right-Sized for October
Jon C. Ogg |

Consumer Sentiment Gets Right-Sized for October

The University of Michigan has released its final report on consumer sentiment for October and found that sentiment was less…
Jon C. Ogg |

How Leading Are Leading Economic Indicators?

This morning’s report from the Conference Board showed that the index of leading economic indicators in the United States rose…
Jon C. Ogg |

Consumer Sentiment Makes Big Move Higher in July

ThinkstockThe Reuters/University of Michigan Consumer Sentiment Index is an index that we maintain is not as accurate nor as fair…
Jon C. Ogg |

A Very Strong November Consumer Sentiment Reading from University of Michigan

ThinkstockThe Reuters/University of Michigan has released its report on consumer sentiment, which is not to be confused with the broader…
Jon C. Ogg |

Consumer Sentiment Surges to Post-Recession High

ThinkstockThe Reuters/University of Michigan Consumer Sentiment report for May is out. It offers a revised number from the preliminary report…
Jon C. Ogg |

Consumer Sentiment Reigns over Capacity, Production and New York Data

ThinkstockThe U.S. markets had three economic reports to digest this Friday. However, the reports have so far not been enough…
Do Business Inventories and Retail Sales Match Up?
Jon C. Ogg |

Do Business Inventories and Retail Sales Match Up?

Business inventories might not matter much, but it may be a different story when you pair this economic reading off…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618