U.S. consumer confidence surged 6.3 points to 107.1 in November
U.S. consumer confidence surged 6.3 points to 107.1 in November after falling 2.7 points to 100.8 in October (revised from 98.6) from September's 103.5. This is the highest since mid 2007. The gyrations in the index reflect the blink of an eye change in mood before and after the November 8 election. Gains were in both components, but the current conditions index outperformed, climbing to 130.3 from 123.1 (revised from 120.6). That's also the highest since May 2007. The expectations index rose to 91.7 from 86.0 (revised from 83.9). But it is still far off its cycle high of 97.0 in January 2015. The labor market differential increased to 5.2 from 3.6 (revised from 2.2). The 12-month inflation gauge slipped to 4.7% from 4.8%.