Consumer Confidence

Consumer confidence rises in November

Consumers are growing more confident about the economy. Slow but steady improvements in the job market helped push confidence this month to its highest level in more than a year. After rebounding last month, the Conference Board says its Consumer Confidence Index rose to 91-point-seven in November, up from a revised 81-point-seven in October. The latest reading by the business research group is the highest since September 2002 and is well ahead of the 85 projection by analysts. The index was equal to 100 in 1985. The present situation index -- a gauge of consumers' assessment of current economic conditions -- rose to 80-point-one from the upwardly revised reading of 67 in October.