U.S. consumers grew more upbeat in November on increased optimism around job availability, easing inflation expectations, and reduced recession fears, according to the latest report from The Conference Board.
The group’s consumer confidence index rose to 111.7 in November, up from 109.6 in October, marking the second consecutive month of improvement, according to the Nov. 26 report.
The present situation index, which gauges consumers’ views of current business and labor market conditions, climbed 4.8 points to 140.9. Meanwhile, the expectations index, which reflects outlooks over the next six months on income, business, and labor conditions, inched up 0.4 points to 92.3, remaining well above the threshold of 80 that is typically associated with recession risks….