Consumer confidence hits 107.1 in November, versus 101.2 estimate

r after a moderate decline in October, and is once again at pre-recession levels,” said Lynn Franco, director of economic indicators at The Conference Board.

Franco added that while the majority of consumers were surveyed before the presidential election, it appeared from the post-election sample that optimism was not impacted by the outcome.

The percentage saying business conditions are “good” increased to 29.2 percent in November from 26.5 percent, while those saying it was “bad” fell to 14.8 percent from 17.3 percent, according to the report. Furthermore, the percentage of consumers that said jobs are “plentiful” increased to 26.9 percent from 25.3 percent.

The report stated, however, the proportion expecting more jobs in the months ahead was unchanged at 14.5 percent, but those anticipating fewer jobs fell to 13.8 percent from 16.6 percent.

 

source”cnbc”