Consumer Confidence Unexpectedly Rises In November

By: Associated Press
By: Associated Press

A private research group says consumer confidence rose in November, but Americans' views on the economy remain gloomiest in decades.

The New York-based Conference Board says its Consumer Confidence Index stands at 44.9, up from a revised 38.8 in October. Last month's reading was the lowest since the research group started tracking the index in 1967.

Economists surveyed by Thomson Reuters expected the November reading to slip to 37.9. Still, the November figure is about half of what it was a year ago, and hovers around levels not seen since December 1974, when the index was 43.2.


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