Consumer confidence rebounds
November 29, 2005,
NEW YORK -- The Conference Board Consumer Confidence Index, which had declined in October, improved in November.
“A decline of more than 40 cents in gasoline prices this month and the improving job outlook have combined to help restore consumers’ confidence,” says Lynn Franco, director of The Conference Board Consumer Research Center.
“While the Index remains below its pre-Katrina levels, the shock of the hurricanes and subsequent leap in gas prices has begun wearing off just in time for the holiday season. Despite this latest boost in confidence, holiday spending will be driven by the bargains consumers have come to expect.”
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