The Cattle Range Home Page
November 28, 2017
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Consumer Confidence Hits 17-Year High

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The numbers: Consumer confidence surged yet again in November, with the index jumping to 129.5 from 125.9 in October, the Conference Board said Tuesday. Thatís the highest reading since November 2000 and easily exceeded the 124.8 forecast of economists polled by MarketWatch had forecast a reading of 124.8.

What happened: Americans say jobs are easier to find and the number who said business conditions are bad declined.

Consumers were even more optimistic about the next six months. An index of future expectations rose to 1113.3 from 109, besting a smaller increase in a gauge of current conditions. The present situation index edged up to 153.9 from 152.

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