The preliminary University of Michigan Consumer Sentiment Index for November crossed at 95.7 (Briefing.com consensus 95.0), which was slightly better than expected and roughly even with the final reading of 95.5 for October.

The Current Economic Conditions Index dipped to 110.9 from 113.2.

The Index of Consumer Expectations increased to 85.9 from 84.2.

The key takeaway from the report is that consumer expectations increased from October, underscoring an otherwise confident attitude that should continue to manifest itself in relatively solid consumer spending activity.