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The Michigan university's current conditions index decreased to 100.5 this month from 102.1 in July.
The Current Conditions index missed expectations, at 111.4 versus a consensus of 112.5.
Current business conditions index: Up to 10.1, from 3.7 in March.
The current conditions index came in at 19.8, above the 17.1 average for the third quarter.
I've taken the quotes off the Reuters terminal: Thomas Gitzel, VP Bank: "The somewhat worse conditions index reading is offset by the improved expectations index.
The current conditions index fell to 100.4 from 109.5 in January, while the expectations index dropped to 88.4 from a final reading of 100.1 last month.
However, there's also a little bit of concern that the current conditions index fell (from 112 to 111.4), showing that firms are finding life a little harder.
The university's current conditions index, which reflects Americans' perception of their financial situation, fell to 99.5 this month from 103.5 in May.
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The history of the present-conditions index indicates that public perceptions often trail reality.
The current-conditions index also rose to 101.7 from 98.6 in July.
But as can be seen in the accompanying charts, the present-conditions index fell in November to 20, the lowest level for that index since early 1983.
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CEO of Professional Science Editing for Scientists @ prosciediting.com