Final Results for November 2016
Nov Oct Nov M-M Y-Y
2016 2016 2015 Change Change
Index of Consumer Sentiment 93.8 87.2 91.3 +7.6% +2.7%
Current Economic Conditions 107.3 103.2 104.3 +4.0% +2.9%
Index of Consumer Expectations 85.2 76.8 82.9 +10.9% +2.8%
Next data release: December 09, 2016 for Preliminary December data at 10am ET
Surveys of Consumers chief economist, Richard Curtin
The initial reaction of consumers to Trump's victory was to express greater optimism about their personal finances as well as improved prospects for the national economy. The post-election gain in the Sentiment Index was +8.2 points above the November pre-election reading, pushing the Index +6.6 points higher for the entire month above the October reading. The post-election boost in optimism was widespread, with gains recorded among all income and age subgroups and across all regions of the country. The upsurge in favorable economic prospects is not surprising given Trumpís populist policy views, and it was perhaps exaggerated by what most considered a surprising victory as well as by a widespread sense of relief that the election had finally ended. To be sure, no surge in economic expectations can long be sustained without actual improvements in economic conditions. Presidential honeymoons represent a period in which the promise of gains holds sway over actual economic conditions. Presidential honeymoons, however, can quickly end if they are unaccompanied by prospects that economic conditions will actually improve in the future. President-elect Trump appears to appreciate the importance of his first hundred days; the key issue is whether his economic policies will resonate with the nation's consumers. The data indicate that consumer spending will advance by 2.5% in 2017.