US Consumer Confidence at its Highest Since 2008

By Bizclik Editor


The Conference Board released results of their Consumer Confidence Index today showing that the increase it saw in October continued through November. Up from 73.1 in October, consumer confidence saw a moderate rise to 73.7.

“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, while consumers’ assessment of present-day conditions continues to hold steady.  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,” said Lynn Franco, Director of Economic Indicators, The Conference Board.

Consumers has varying opinions about the job market and it’s potential. Consumers surveyed that stated business conditions as “good” decreased from 16.4 percent in October to 14.4 percent in November. While consumers that saw business conditions as “bad” declined from 33 per cent to 31.5 percent.



Click here to see the latest issue of Business Review North America


Fortunately for the US, consumers seem to be remaining optimistic about the upcoming months, with 22.2 per cent expecting business conditions to improve over the next six months (up from 21.5 percent) while those expecting conditions to worsen decreased from 15 percent to 14.3 percent in November.

The Conference Board hosts a monthly Consumer Confidence Survey conducted by Nielsen to determine its index results. 


Featured Articles

Amelia DeLuca, CSO at Delta Air Lines on Female Leadership

Driving decarbonisation at Delta Air Lines, Chief Sustainability Officer Amelia DeLuca discusses the rise of the CSO and value of more women in leadership

Liz Elting – Driving Equality & Building Billion-$ Business

Founder and CEO Liz Elting Turned Her Passion into Purpose and Created a Billion-Dollar Business While Fighting for Workplace Equality – and Winning

JPMorgan Chase: Committed to supporting the next generation

JPMorgan has unveiled a host of new and expanded philanthropic activities totalling US$3.5 million to support the development of apprenticeship programmes

How efficient digital ecosystems became business critical

Technology & AI

Mastercard: Supporting clients at a time of rapid evolution

Digital Strategy

Why Ceridian has boldly rebranded to Dayforce

Human Capital