(The Conference Board) The US Consumer Confidence Index was at 109.5 in November, down from 11.6 posted in October.
The fall in consumer confidence in November reflects consumers’ concerns over personal incomes and job prospects. Expectations of growth improved.
The Present Situation Index declined to 142.5, from 145.5 posted in October. The Expectations Index declined from 89.0 in October to 87.6 in November.
The Conference Board says the improvement in the consumer index suggests a potential economic expansion in early 2022. Covid-19 resurgence and rising prices are expected to be potential headwinds.
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