Consumer sentiment index drops to 60.4 in November from 63.8.
The numbers: Consumer sentiment fell in November for the fourth month in a row due to worries about higher interest rates as well as ongoing war in the Middle East.
The preliminary reading of the sentiment survey declined to 60.4 from 63.8 in October, the University of Michigan said Friday. It’s the weakest reading since May.
The consumer-sentiment survey reveals how consumers feel about their own finances as well as the broader economy.