US Consumer Confidence Stabilizes With First Rise in Four Months
- Short-term income and hiring prospects rebounded in November
- Conference Board says consumers still focused on rising prices
This article is for subscribers only.
US consumer confidence rose for the first time in four months in November, aided by more optimistic views about the outlook for the labor market.
The Conference Board’s index increased to 102 this month from a downwardly-revised 99.1 in October, data out Tuesday showed. The median estimate in a Bloomberg survey of economists called for a reading of 101.