U.S. Consumer Mood Improved but Remained Gloomy This Month

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By Matt Grossman Consumer sentiment logged an unexpected increase to begin November but is still hovering not far above historically low levels, according to the University of Michigan's monthly...

By Matt Grossman

Consumer sentiment logged an unexpected increase to begin November but is still hovering not far above historically low levels, according to the University of Michigan's monthly survey, a sign of the economic discontent that powered Democrats' broad victories in this week's elections.

The survey's preliminary November index reading landed at 51, in data published Friday, compared with 48 in the final October reading. Economists surveyed by The Wall Street Journal had expected a decline to 47.5.

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