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Consumer Confidence improved moderately in November.
The Conference Board Consumer Confidence Index™, which had declined to an all-time low in October, improved moderately in November. The Index now stands at 44.9 (1985=100), up from 38.8 in October. The Present Situation Index decreased to 42.2 from 43.5 last month. The Expectations Index increased to 46.7 from 35.7 in October.
Consumers' assessment of current conditions deteriorated further in November. Those claiming business conditions are "bad" increased to 40.3 percent from 37.1 percent, while those claiming business conditions are "good" edged up to 9.9 percent from 9.4 percent last month. Consumers' assessment of the labor market was more negative than a month ago. Those saying jobs are "hard to get" rose to 37.2 percent from 36.6 percent in October, while those claiming jobs are "plentiful" decreased to 8.8 percent from 9.0 percent.
Posted: November 25, 2008 Tuesday 10:02 AM