Published

Jump in consumer confidence as shoppers prepare to spend on Black Friday

  • Consumer confidence improved in November, increasing by three points, although it remains in negative territory at minus 18, according to GfK's index.
  • The Conference Board stated that U.S. Consumers are 'ready to open their wallets this holiday season' as they plan to spend more than last year.
  • Holiday shoppers are expected to increase their budgets while remaining selective and looking for discounts due to inflation affecting their purchasing power.
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