Wednesday, November 26, 2014

Consumer Confidence at Pre-Crisis Level

Consumer sentiment reached 88.8 in November, up 1.9 points from the previous month, reaching the highest reading since July 2007.

The index for present economic conditions drove November’s increase, increasing 4.4 points to 102.7. Future expectations also edged up, increasing 0.3 points to 79.9.

Inflation expectations eased slightly. Respondents expect inflation over the next year to be 2.8%, down 10 basis points, and over the next 5 years to be 2.6%, down 20 basis points.

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