US November consumer confidence 102.0 vs 101.0 expected

<ul><li><a href="https://www.forexlive.com/news/us-october-consumer-confidence-1026-vs-1000-expected-20231031/" target="_blank" rel="follow">Prior </a>was 102.6 (revised to 99.1)</li></ul><p>Details:</p><ul><li>Present situation index 138.2 vs 143.1 prior (prior revised to 138.6)</li><li>Expectations index 77.8 vs 75.6 prior </li><li>1 year Inflation 5.7% vs 5.9% prior </li><li>Jobs hard-to-get 15.4 vs 13.1 prior</li></ul><p>This is a decent report. It's always better to see strength in the 'expectations' index.</p><p>“Consumer confidence increased in November, following three consecutive months of decline,” said Dana Peterson, Chief Economist at The Conference Board. “This improvement reflected a recovery in the Expectations Index, while the Present Situation Index
was largely unchanged. November’s increase in consumer confidence was
concentrated primarily among householders aged 55 and up; by contrast,
confidence among householders aged 35-54 declined slightly. General
improvements were seen across the spectrum of income groups surveyed in
November. Nonetheless, write-in responses revealed consumers remain
preoccupied with rising prices in general, followed by war/conflicts and
higher interest rates.”</p>

This article was written by Adam Button at www.forexlive.com.