Higher prices: Pedestrians walk past a Breitling AG advertisement on Fifth Avenue in New York. Americans this month who cited low prices as a reason to purchase long-lasting goods was 45, among the highest readings in the past 50 years, according to Curtin. — Bloomberg
WASHINGTON: Consumer confidence in the US rose less than forecast in November as upper-income Americans become more concerned about the outlook for the economy and incomes.
The University of Michigan’s index of sentiment climbed to 91.3 this month from 90 in October. The reading was lower than the preliminary report showing sentiment at 93.1, indicating confidence flagged toward the end of the month.
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