Without hearing it on ABC, CBS, NBC, MSNBC and certainly not on Fox News, without seeing it in print, I randomly typed 'consumer confidence index' into the Yahoo search engine and this was the first entry.
The Conference Board Consumer Confidence Index®, which had increased in October, posted a moderate increase in November. The Index now stands at 73.7 (1985=100), up from 73.1 in October. The Present Situation Index was virtually unchanged at 56.6 versus 56.7 last month. The Expectations Index rose to 85.1 from 84.0 last month.Says Lynn Franco, Director of Economic Indicators at The Conference Board: “The Consumer Confidence Index increased in November and is now at its highest level in more than four and a half years (76.4 Feb. 2008). This month’s moderate improvement was the result of an uptick in expectations, while consumers’ assessment of present-day conditions continues to hold steady. Over the past few months, consumers have grown increasingly more upbeat about the current and expected state of the job market, and this turnaround in sentiment is helping to boost confidence.”
Does this mean that the economy is improving ? It does if you are democrat, moderate republican or independent. To the 'Romney supporters' it is a exaggerated inflation of numbers concocted by the Obama administration to further boost his (Pres.Obama's) standing after fooling more than half the electorate to re-elect him.
Anyway, 73.7. That's good right ?
consumer confidence Nov. 2012.