US consumer confidence climbed to its highest level in over a year in November, reaching 111.7, the highest since July 2023. The improvements in the current economic situation, especially in the labor market, drove this increase. The return of Donald Trump to the presidency appears to have bolstered consumer and business optimism.
Consumer confidence in the United States rose to its highest level in over a year in November, driven by improvements in the current economic situation, particularly in the labor market . The increase in confidence is attributed to the improving economy and the return of Donald Trump to the presidency, according to data released by The Conference Board.
The election of Trump appears to have bolstered optimism among consumers and businesses, although the board does not directly ask about political influences. Confidence surged among younger consumers, with those under 35 seeing the largest gains. In contrast, confidence among individuals aged 35 to 54 dipped slightly following a strong increase in the prior month
Consumer Confidence US Economy Donald Trump Labor Market Economic Optimism
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