+11.8 on previous index reading
The Consumer Pulse came in at 60.3 in November 2020, up 11.8 on last month. A broad based improvement took the index to its highest level since March, though it was still 15.7 lower than a year ago. With virus cases trending down and encouraging developments on the vaccine front helping to reduce uncertainty about the recovery, expectations for the economy and jobs saw the biggest gains this month. The November survey also finds that three in five households are planning to spend the same or more on Christmas presents this year compared with last year. This figure usually runs at three in four however, indicating that consumers remain cautious on the whole.
