10:23 AM EST, 11/12/2024 (MT Newswires) -- The first look at consumer confidence for November rose from October, with the RealClearMarkets' monthly index increasing to 53.2 from 46.9 in the previous month on gains in all three of its components, the first reading above the breakeven point since August 2021, which was attributed to the reelection of Donald Trump as president.

A reading above 50 suggests optimism, while a reading below 50 suggests pessimism.

The six-month outlook index increased to 55.9 in November from 47.3 in October, the outlook for personal finances increased to 61.0 from 53.6 and the measure of confidence in Federal Economic Policies increased to 42.7 from 39.7.

The Financial Related Stress Index fell to 67.5 in November from 67.8 in October, an indication of decreased financial concerns.

"The new president has his job cut out for him: 79% of Americans are worried about inflation, and another 75% are concerned about a slowdown in the next 12 months," said Raghavan Mayur, president of polling company TechnoMetrica. "Financial stress eased slightly in November, yet inflation, food prices, gasoline prices, and government spending continue to threaten the US economy."