Consumer Confidence Index Surges In November

The Conference Board’s Consumer Confidence Index, which had declined in October, improved in November. The Index now stands at 98.9 (1985=100), up from 85.2 in October. The Present Situation Index rose to 114.0 from 107.8. The Expectations Index surged to 88.8 from 70.1 last month.

A decline of more than 40 cents in gasoline prices this month and the improving job outlook have combined to help restore consumers’ confidence,” said Lynn Franco, director of The Conference Board’s Consume

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