WASHINGTON — In November, there was a slight uptick in Americans’ perceptions regarding the economy, spurred by hopes for reduced inflation and increased job opportunities.

According to the Conference Board, a well-known research organization, the consumer confidence index for November rose to 111.7, up from 109.6 recorded in October. This minor rise follows a significant increase seen in the previous month.

This boost in confidence also corresponds with the recent election of President Donald Trump. While the Conference Board does not separate its findings by political affiliation, another survey conducted by the University of Michigan indicated that Republican respondents expressed heightened optimism about the economic landscape following the election.

Notably, the percentage of Americans who foresee a recession occurring within the next year has decreased, reaching its lowest point since the Conference Board began surveying this sentiment in July 2022.