The Conference Board ‘s measure of consumer confidence jumped 15.1 points from October to November. Consumers’ appraisal of present-day conditions, the status of the labor market, and short-term outlook for business conditions and the future job market also improved.
Lynn Franco, Director of The Conference Board Consumer Research Center said this about this most recent consumer confidence report:
Confidence has bounced back to levels last seen during the summer (July 2011, 59.2). Consumers' assessment of current conditions finally improved, after six months of steady declines. Consumers' apprehension regarding the short-term outlook for business conditions, jobs and income prospects eased considerably. Consumers appear to be entering the holiday season in better spirits, though overall readings remain historically weak.