New York—The Consumer Confidence Index rose in November to its highest level since early 2008, with the monthly index hitting 73.7, up from 73.1 in October.
As with the strong index level in October, this month's confidence level was spurred by a continued improvement in job growth, according to
the Conference Board, which issues the index. The economy added 171,000 jobs in October.
Also, the Department of Commerce announced
that orders for durable goods rose 1.7% in October, the strongest gain since a 2.3% rise in May and an indicator that U.S. companies are investing in equipment.