Americans’ outlook on the economy improved modestly in November, lifted by expectations for lower inflation and more hiring. The Conference Board, a business research group, said Tuesday that its consumer confidence index ticked up to 111.7 from 109.6 in October. The small increase followed a big gain in October.

Key Takeaways Consumer confidence improved again in November, nearing its highest in two years.More people said they felt better about the current economic environment in The Conference Board monthly survey.

As the country heads toward the end of the year holidays, consumers continue to express confidence in the U.S. economy.In November, the Conference Boar

"Consumer confidence continued to improve in November and reached the top of the range that has prevailed over the past two years," said Dana M. Peterson, chief economist at The Conference Board. "November's increase was mainly driven by more positive consumer assessments of the present situation, particularly regarding the labor market."

Americans’ outlook on the economy improved modestly in November, lifted by expectations for lower inflation and more hiring

U.S. consumer confidence improved further in November amid growing optimism over the labor market and a stock market rally. The Conference Board said on Tuesday its consumer confidence index increased to 111.