consumer sentiment umich shutdown.

Consumer sentiment dropped to a three-year low in November, a month into the government shutdown, led by pessimism in both personal finances and anticipated business conditions. The survey, conducted by the University of Michigan, showed the index of consumer sentiment at 50.4, down 6.2% from last month and nearly 30% from a year ago. The survey Friday also missed the average forecast of 54.2, according to FactSet. One group who is feeling more confident is stock market investors, who posted an 11% increase in sentiment.