Increasingly positive media coverage of consumer spending boosted the Dow Jones Economic Sentiment Indicator to 38.3 in November, up 1.4 points from a reading of 36.9 in October.

The indicator, based on news coverage in 15 major daily U.S. newspapers, has risen 11 out of the past 12 months since its low of 22.2 in November 2008—largely in line with the consensus of economists that the U.S. recession ended in early summer.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.