Consumer Confidence Increases Again

The Conference Board Consumer Confidence Index, which had increased in October, also posted a moderate increase in November. The Index now stands at 73.7, up from 73.1 in October. The Expectations Index rose to 85.1 from 84.0 last month. The monthly Consumer Confidence Survey, is conducted for The Conference Board by Nielsen, a leading global provider of information and analytics. The survey is conducted around what consumers buy and watch. Lynn Franco, the Director of Economic Indicators at The Conference Board: “The Consumer Confidence Index increased in November and is now at its highest level in more than four and a half years (76.4 Feb. 2008). This month’s moderate improvement was the result of an uptick in expectations. Over the past few months, consumers have grown increasingly more upbeat about the current and expected state of the job market, and this turnaround in sentiment is helping to boost confidence.”