Consumer confidence up in November

New York City -- Confidence is up according to The Conference Board, whose leading economic index (LEI) for the United States increased 1.1% in November to 112.4, following a 0.4% increase in October, and a 0.6% increase in September.



"November's sharp increase in the LEI, the fifth consecutive gain, is an early sign that the expansion is gaining momentum and spreading,” said Ataman Ozyildirim, economist at The Conference Board. “Nearly all components rose in November. Continuing strength in financial indicators is now joined by gains in manufacturing and consumer expectations, but housing remains weak."