The Conference Board Consumer Confidence Index, which had improved in October, increased further in November. The Index now stands at 54.1 (1985=100), up from 49.9 in October. The Present Situation Index rose to 24.0 from 23.5 and the Expectations Index increased to 74.2 from 67.5 last month.
“Consumer confidence is now at its highest level in five months, a welcome sign as we enter the holiday season,” said Lynn Franco, director of The Conference Board Consumer Research Center: “Consumers’ assessment of the current state of the economy and job market, while only slightly better than last month, suggests the economy is still expanding, albeit slowly.”
Consumers’ assessment of current-day conditions was virtually unchanged from October, while their assessment about the short-term outlook was more optimistic than in October.
Source: The Conference Board
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