US Consumer Confidence Rises to Highest in More Than a Year
US consumer confidence increased in November to the highest level in more than a year on optimism about the economy and labor market in the wake of Donald Trump’s election victory.
The Conference Board’s gauge of confidence rose 2.1 points to 111.7 this month, data released Tuesday showed. The median estimate in a Bloomberg survey of economists called for a reading of 111.8.
A measure of expectations for the next six months edged to 92.3, an almost three-year high. A gauge of present conditions increased to 140.9.
Source : Bloomberg