US Consumer Confidence Jumps To Highest Level In 9 Years
U.S. consumer confidence rebounded this month to the highest level in more than nine years as Americans appeared unfazed by a tumultuous election campaign.
The Conference Board says its consumer confidence index registered 107.1 in November, up from 100.8 last month and highest since July 2007.
Americans’ assessment of current economic conditions was also the sunniest since July 2007. Their expectations for the next six months were the most optimistic since June 2015.
The survey was mostly taken before the Nov. 8 election. Conference Board economist Lynn Franco says that “it appears from the small sample of post-election responses that consumers’ optimism was not impacted by the outcome.”
The government reported Tuesday that the economy grew at a 3.2 percent annual pace from July to September, fastest in two years.