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USA: consumer confidence rebounds in November

( - After three consecutive months of decline, US consumer confidence rebounded in November on the back of a slight improvement in household expectations.

According to the monthly survey by the Conference Board, the confidence index reached 102 this month, compared with 99.1 (revised from 102.6) in October.

The expectations sub-index improved to 77.8 from 72.7 last month, while the current situation sub-index eased to 138.2 from 138.6

Despite this upturn, the expectations sub-index fell below the 80-point threshold for the third consecutive month, a level generally associated with the onset of a recession within a year, warns ConfBoard.

According to the association, two out of three consumers now consider a recession to be 'very likely' or 'somewhat likely' over the next 12 months.

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