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Consumer Confidence Improves Again in Novemer


December 1 — Consumer confidence rose for a second straight month in November, to reach its highest level in five months, according to the latest Conference Board Consumer Confidence Index.

The Index now stands at 54.1, up from 49.9 in October. The Present Situation Index rose to 24.0 from 23.5. The Expectations Index rose nearly seven points to 74.2 from 67.5 in October.

The Expectations Index is the component that most indicates overall improvement in the economy in coming months. The change in the Present Situation Index was marginal because of job concerns, analysts said.

"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," said Lynn Franco, director of The Conference Board Consumer Research Center. "Expectations, the main driver of this month's increase in confidence, are now at the highest level since May. Hopefully, the improvement in consumers' mood will continue in the months ahead."

Read the full news release from The Conference Board.