US consumer confidence increased to 102.0 in November, hitting an 18-month high.

US consumer confidence rose for the first time in four months, reaching 102 in November, up from October's revised 99.1, according to The Conference Board. Economists expected a reading of 101.

The $S&P 500 Index (.SPX.US)$ rose 0.1% on Tuesday, as a positive report on consumer confidence helped lift U.S. equities after Monday's declines.

Details:
Present situation index 138.2 vs 143.1 prior (prior revised to 138.6)
Expectations index 77.8 vs 75.6 prior
1 year Inflation 5.7% vs 5.9% prior
Jobs hard-to-get 15.4 vs 13.1 prior

“Consumer confidence increased in November, following three consecutive months of decline,” said Dana Peterson, Chief Economist at The Conference Board. “This improvement reflected a recovery in the Expectations Index, while the Present Situation Index was largely unchanged. November’s increase in consumer confidence was concentrated primarily among householders aged 55 and up; by contrast, confidence among householders aged 35-54 declined slightly. General improvements were seen across the spectrum of income groups surveyed in November. Nonetheless, write-in responses revealed consumers remain preoccupied with rising prices in general, followed by war/conflicts and higher interest rates.”