U.S. consumer sentiment inched up in November, beating expectations, according to a report released on Friday.
The Thomson Reuters/University of Michigan's preliminary November reading on the index was 93.1. That was higher than the previous month's reading of 90 and also higher than expectations of 91.5 by Thomson Reuters.
Buying plans for large discretionary purchases improved, especially for vehicles, the report said. Personal consumption expenditures are projected to grow by 2.9 percent in 2016.