NEW YORK ( TheStreet ) -- Consumer confidence spiked in November according to a report from the Conference Board.

The Conference Board's monthly consumer confidence index jumped to a reading of 56 for the month, up from a 40.9 reading in October and well ahead of economists expectations for a reading of 44.

"Confidence has bounded back to levels last seen during the summer (July 2011, 59.2)," said Lynn Franco, director of the Conference Board's consumer research center. "Consumers' assessment of current conditions finally improved, after six month of steady declines....Consumers appear to be entering the holiday season in better spirits, though overall readings remain historically weak."

-- Written by Ross Tucker in New York.

>To contact the writer of this article, click here: Ross Tucker.

>To follow the writer on Twitter, go to http://twitter.com/rosstucker.

>To submit a news tip, send an email to: tips@thestreet.com.

If you liked this article you might like

Gold Prices Waffle on U.S. Jobs Report, Europe

Gold Prices Take Another Beating on Eurozone Growth Fears

Gold Prices Keep Sliding as China Slashes Growth Expectations

Stocks to Watch: BP, AIG, GM (Update 1)

Gold Prices Recover After Wednesday's Bloodbath