US Conference Board’s consumer confidence made an impressive rebound in November. Consumer confidence jumped from 40.9 to 56.0, more than offsetting the sharp decline in October. The details show a significant improvement in both the present situation (38.3 from 27.1) and expectations (67.8 from 50.0) and also labour market sentiment picked up sharply, from -43.3 to -36.3. Recently, US economic data improved somewhat, which eased fears for a new recession. This might have boosted consumer confidence, but the big improvement was almost certainly partly driven by seasonal adjustment problems that pushed the Conference Board measure last month out of line with other measures of consumer confidence. That’s now corrected. The improvement is though encouraging and bodes well for consumer spending.