Consumer Confidence Hits Five-month High

NEW YORK - While consumers don't exactly think things are great right now, they do anticipate improvement, helping to drive up the Consumer Confidence Index to 54.1 in November from 49.9 in October.
     The Present Situation Index rose to 24.0 from 23.5. The Expectations Index increased to 74.2 from 67.5 last month.
     "Expectations, the main driver of this month's increase in confidence, are now at the highest level since May (Exp. Index, 84.6). Hopefully, the improvement in consumers' mood will continue in the months ahead," said Lynn Franco, director of The Conference Board Consumer Research Center, which conducts the survey.
     A majority, 43.6%, describe current business conditions as "bad." Consumers who see conditions as "good" fell to 8.1% from 8.3% last month.
     But survey respondents are expecting things to get better. Consumers who believe conditions will improve over the next six months rose to 16.7% from 15.8% last month.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • 1200 Suppliers are Ready for You at Intertextile Shanghai

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.


HTT August 2017

See the August 2017 issue of Home & Textiles Today. In this issue, we look at the Top 50 Retailing Giants Report, plus Manufacturing: Made in the USA gaining ground; International: Portugal ramping up exports; New products: NY Now home textiles introductions; Outlook: Commentary from H&TT's editors; and Planning: Trade show calendar.

See details!