Consumer confidence improves slightly in November

November 24, 2009 12:00:00 AM PST
Americans' confidence in the economy improved slightly in November, but they remain gloomy amid a weak job market heading into the holiday season.The Conference Board says its Consumer Confidence Index increased slightly to 49.5, up from a revised reading of 48.7 in October. Economists surveyed by Thomson Reuters expected a reading of 47.7.

Economists watch consumer sentiment because spending on goods and services for consumers accounts for about 70 percent of U.S. economic activity by federal measures.


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