Americans feeling more confident in economy - KWWL - Eastern Iowa Breaking News, Weather, Closings

Americans feeling more confident in economy

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Americans' confidence in the economy in November rose to its highest level since July, accord to a report by a private research group.

The Conference Board says its consumer confidence index rose 15 points to 56, up from a revised 40.9 in October.  The October number was the lowest level since the recession.

The November reading was the highest level since July, when it was 59.2.  The 15-point increase was the biggest jump since May 2009, when there was a 14 percent increase.

While this is positive news, it takes a reading of 90 to indicate the economy is on solid footing. 

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