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To: Kenneth E. Phillipps who wrote (498208)11/25/2003 10:22:16 AM
From: JakeStraw  Read Replies (1) | Respond to of 769670
 
Consumer Confidence at 14-Month High

November 25, 2003 10:06:00 AM ET

NEW YORK (Reuters) - U.S. consumer confidence surged to its highest level in over a year, exceeding economists' rosy expectations, as consumers grew more hopeful about the job market, a report said on Tuesday.

Private research firm the Conference Board said its index of consumer confidence climbed to 91.7, its highest level since Sept. 2002, from a revised 81.7 in October. Wall Street analysts had forecast a rise to 85.0.

``Consumers believe a slow but sure labor market turnaround is underway,'' said Lynn Franco, director of research at the Conference Board.

news.moneycentral.msn.com