Consumer Confidence Index At Highest Level Since February 2008
The Conference Board’s Consumer Confidence Index, which increased in October, posted a moderate increase in November. The index now stands at 73.7 (1985=100), up from 73.1 in October. The Present Situation Index was virtually unchanged at 56.6 versus 56.7 last month.
The Expectations Index rose to 85.1 from 84.0 last month. Consumers’ appraisal of current conditions was relatively unchanged in November. Those saying business conditions are “good” declined to 14.4% from 16.5%, while those saying business conditions are “bad” deceased to 31.5% from 33.0%.