NEW YORK — Americans’ confidence in the economy rose to a five-month high in November amid more hopeful signs.
The report offered some comfort to the nation’s retailers during the Christmas shopping season, but shoppers still remain downbeat as they grapple with a high unemployment rate.
The Conference Board, a private research group based in New York, said Tuesday that its Consumer Confidence Index rose to 54.1 in November, up from a revised 49.9 in October. The November reading is the highest since June, when the index stood at 54.3. Economists surveyed by Thomson Reuters expected 52.0.
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