After three straight months of decline, consumers are growing increasingly confident in the state of the U.S. economy. The Consumer Confidence Index, released monthly by the business membership and research nonprofit The Conference Board, ticked up to 102.0 in November from 99.1 in October. That was primarily driven by consumers’ short-term expectations related to income, business and labor market conditions. But consumers’ outlook on the present state of business and labor market conditions dropped slightly from 138.2 in October to 138.6 this month, and consumer expectations remained below 80 for the third straight month despite impressive gains. A depressed consumer expectation
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