Friends of Manufacturing

Conference Board: Consumer Confidence Highest Since December 2000

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The Conference Board said that consumer sentiment was at its highest level in nearly 17 years in November. The Consumer Confidence Index rose from 126.2 in October to 129.5, notching its best reading since December 2000 for the second month in a row.

Americans were more upbeat in their assessments of both current (up from 152.0 to 153.9) and future (up from 109.0 to 113.3) economic conditions. Along those lines, the percentage of respondents saying that business conditions were “good” increased from 33.4 percent to 34.9 percent, with those suggesting that conditions were “bad” inching down from 13.5 percent to 12.7 percent.

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