Consumer Sentiment Improves in November

November 10, 2005 10:15 AM, EST

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.S. consumer sentiment rebounded this month from a 13-year low level in October, according to the University of Michigan's monthly consumer sentiment index released Thursday.

The index jumped to 79.9 from a 74.2 reading in October.

etailers were predicting a pick up in retail sales going into the year-end holiday season, Bloomberg reported.

The preliminary November reading topped economists’ estimate of a 76.5 reading, Bloomberg said.

The university will release a final consumer index for November in two weeks.