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- U.S. consumer confidence index unexpectedly declined to 88.7 in November
U.S. consumer confidence index unexpectedly declined to 88.7 in November
The Conference Board released its consumer confidence index for the U.S. on Tuesday. The index unexpectedly declined to 88.7 in November from 94.1 in October, missing expectations for a rise to 95.9. October's figure was revised down from 94.5.
That was the lowest level since June.
The director of economic indicators at The Conference Board Lynn Franco said that consumer confidence declined due to "reduced optimism in the short-term outlook". She added that "consumers were somewhat less positive about current business conditions and the present state of the job market".
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