US EditionConsumer confidence hits lowest point since April as job worries grow
The Conference Board's index dropped 6.8 points to 88.7, reflecting growing job worries and reduced spending plans across most categories in November.
- The Conference Board said in its regular last-Tuesday release that the Consumer Confidence Index fell to 88.7, a 6.8-point drop to its lowest since April, using preliminary data with a November 18 cutoff.
- The survey found consumers increasingly cited growing worries about jobs and household finances, with write-ins dominated by prices and inflation, tariffs and trade, and mentions of the federal government shutdown.
- The subindexes revealed broad weakness with the Expectations Index falling 8.6 points to 63.2, the Present Situation Index slipping 4.3 points to 126.9, and all five components of the overall index flagging weakness.
- Consumers trimmed intentions to buy big-ticket purchases and services spending over the next six months, while assessments of family finances worsened and more said the economy was already in recession.
- Among demographic groups, only consumers earning less than $15K saw improved confidence in November, though median 12-month inflation expectations rose to 4.8% and the share expecting interest rates to rise fell to about 50%.
73 Articles
73 Articles
Consumer confidence falls sharply as Americans worry about the economy
Consumer confidence fell more than expected in November and hit the lowest level since this spring, according to the latest data from The Conference Board.The Conference Board reported that its consumer confidence index declined to 88.7 in November from an upwardly revised 95.5 reading in October. That was well below the 93.4 reading that economists polled by LSEG projected for November, and reached the lowest level since April."Consumers' write…
Job market worries, high costs: US Consumer confidence in November hits lowest point since April after govt shutdown
The US consumer confidence index fell to 88.7 in November, the lowest since April, amid growing pessimism about business conditions and job prospects.
Consumer Confidence Drops as Shoppers Turn Cautious Ahead of Holidays
American consumers grew markedly more downbeat in November as confidence slid to its weakest level since April, retail spending cooled, and inflation worries continued to weigh on household finances, according to a run of new data pointing to softer momentum heading into the holiday season. The Conference Board’s consumer confidence index, released on Nov. 25, fell 6.8 points to 88.7 as views of current business conditions weakened and expectati…
Consumer Confidence Wasn't Very Confident in November
US consumers were much less confident in the economy in November in the aftermath of the government shutdown, weak hiring, and stubborn inflation, reports the AP . The Conference Board said Tuesday that its consumer confidence index dropped to 88.7 in November from an upwardly revised October reading of 95....
High costs, sluggish job gains erode consumer confidence with holiday shopping season underway
The consumer confidence index dropped to its the lowest reading since April, when President Donald Trump announced sweeping tariffs that caused the stock market to plunge.
Consumer confidence slides as Americans grow wary of high costs and sluggish job gains
WASHINGTON (AP) — U.S. consumers were much less confident in the economy in November in the aftermath of the government shutdown , weak hiring and stubborn inflation. The Conference Board said Tuesday that its consumer confidence index dropped to 88.
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