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Tuesday, November 29, 2011

Consumer Confidence.... Things Are Looking Up as it Can't Get Much Worse Editition

BusinessWeek details:

Consumer confidence climbed in November by the most in more than eight years as Americans grew more upbeat about employment and income prospects.

The Conference Board’s index increased to 56 from a revised 40.9 reading in October, the biggest monthly gain since April 2003, figures from the New York-based private research group showed today. The gauge, at a four-month high, exceeded the most-optimistic forecast in a Bloomberg News survey of economists.
An improvement (a much stronger than anticipated one at that) is a good thing, but we are bouncing off of extreme lows.