Consumer Confidence in the U.S. Surges in November 2016 (Dec. 2016)
After a moderate decline in October, The Conference Board Consumer Confidence Index® shot up in November 2016, from 100.8 to 107.1 (1985=100). The current level of 107.1 brings the index back to pre-recession levels and is at its highest level since July 2007. Lynn Franco, Director of Economic Indicators at the Conference Board, reported that: “A more favorable assessment of current conditions coupled with a more optimistic short-term outlook helped boost confidence. And while the majority of consumers were surveyed before the presidential election, it appears from the small sample of post-election responses that consumers’ optimism was not impacted by the outcome. With the holiday season upon us, a more confident consumer should be welcome news for retailers.” For the full statement, click the link below.