Consumers remain confident, survey reveals
U.S. consumer sentiment hasn't changed much in a year and actually gained a bit, hitting 98.5 in November, according to a CNBC report.
The report cited data results of a consumer attitude survey conducted by the University of Michigan. The 98.5 mark beat Reuters economists' expectations.
The data reflects "the best runup to the holiday season in a decade," according to Richard Curtin, chief economist for the Surveys of Consumers.
"Increased certainty about future income and job prospects has become a key factor that has supported discretionary purchases," Curtin said in a press release on the survey.
Topics: Consumer Behavior