Consumer Sentiment in U.S. Rises to Highest in Seven Years
This article is for subscribers only.
Consumer confidence climbed to a more than seven-year high in November as Americans’ views of their financial well-being improved heading into the holiday shopping season.
The Thomson Reuters/University of Michigan final index of sentiment increased to 88.8, the highest since July 2007, from 86.9 in October. The median projection in a Bloomberg survey of 60 economists called for the index to rise to 90.