Consumer Confidence Gains in November
November 30, 2010,
NEW YORK--U.S. shoppers have entered the holiday season somewhat more upbeat, according to the latest consumer confidence index from The Conference Board.
The index picked up 4.2 points from October to November, to 54.1. Both of its key component indexes, present situation and expectations, also rose. Expectations provided most of the fuel by rising 6.7 points from October to 74.2. Present situations increased 0.5 point to 24.0.
Lynn Franco, director of The Conference Board's Consumer Research Center, said the overall index finished November at its highest level in five months. "Consumers' assessment of the current state of the economy and job market, while only slightly better than last month, suggests the economy is still expanding albeit slowly," Franco said. "Expectations ... are now at their highest level since May."
Other Articles By Author
HFN Launches Interactive Idea Book
HFN's DIGITAL EDITION
COVER STORY: HFN Turns 90
We commemorate HFN's 90th anniversary by paying tribute to the iconic retailer and supplier brands--and the people--that have helped the industry flourish, then and now.
ALSO IN THIS ISSUE:
- Up & Coming Leaders - The home industry is in capable and visionary hands as this year’s 40 Under 40 list attests. Today’s young leaders span all disciplines and varied levels of operation.
- Omnichannel Retailing - In the Mobile App World, Time is Money