Consumer sentiment at five-year high; inventories jump

An increasingly upbeat view of the economy and jobs market drove U.S. consumer sentiment to a more than five-year high in early November, while a jump in wholesale inventories suggested the economy grew more than initially estimated last quarter. …

The index of consumer sentiment from Thomson Reuters/University of Michigan rose to 84.9 in November from 82.6, topping economists’ expectations for a reading of 83. [cont.]

Leah Schnurr, Reuters