Posted 11/28/2023, 3:00:00 PM
Consumer Confidence Rises in November, But Recession Fears Persist
- Consumer Confidence Index increased in November to 102.0, up from 99.1 in October
- Present Situation Index ticked down slightly to 138.2, while Expectations Index rose to 77.8
- Consumers remain pessimistic about the short-term outlook, with 2/3 still expecting a recession in the next 12 months
- Assessments of current business conditions were mixed, with more consumers saying conditions were "good" and "bad"
- Consumers were more optimistic about future business conditions, job availability, and income prospects