Consumer Confidence Remains at a 17-Year High

By Sharon Nunn Features Dow Jones Newswires

A measure of U.S. consumer confidence rose again in November, hitting yet another 17-year high.

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The Conference Board on Tuesday said its index of U.S. consumer confidence increased to 129.5 in November from 126.2 in October. Economists surveyed by The Wall Street Journal had expected a November reading of 124.0.

""Consumers' assessment of current conditions improved moderately, while their expectations regarding the short-term outlook improved more so, driven primarily by optimism of further improvements in the labor market, " said Lynn Franco, Director of Economic Indicators at The Conference Board. "Consumers are entering the holiday season in very high spirits and foresee the economy expanding at a healthy pace into the early months of 2018."

Write to Sharon Nunn at sharon.nunn@wsj.com

(END) Dow Jones Newswires

November 28, 2017 10:33 ET (15:33 GMT)