by Calculated Risk on 11/23/2011 10:00:00 AM

The final November Reuters / University of Michigan consumer sentiment index declined to 64.1 from the preliminary reading of 64.2, up from the October reading of 60.9, and up from 55.7 in August.

From MarketWatch: November UMich consumer sentiment hits 64.1

A gauge of consumer sentiment reached 64.1 in the final reading for November -- the highest reading since June -- compared with 60.9 in October, according to Wednesday reports on the data from the University of Michigan and Thomson Reuters. A preliminary reading for November pegged the gauge at 64.2

Click on graph for larger image.

Consumer sentiment is usually impacted by employment (and the unemployment rate) and gasoline prices. But right now the European financial crisis is probably also impacting sentiment.

Although sentiment is up from October, this is still very weak, and slightly below the consensus forecast of 64.6.