The index reached 170.0 in November, a gain of 6.3 points from October's record low.
“Consumers are feeling slightly more confident that the economy will improve in the months ahead, although much uncertainty remains,” CEA economist Shawn DuBravac said as part of the release. “The additional stimulus from gas prices moving back down nearly two dollars a gallon and a new administration set to take office has consumers more positive about the direction of the economy over the next 12 months. Holding back consumer confidence, however, is concern over the employment outlook as consumers continue to worry about jobs.”
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