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Consumer confidence hits lowest point since April as job worries grow
The Conference Board's Consumer Confidence Index fell to 88.7 in November, driven by rising job worries and reduced spending plans across most categories, amid ongoing economic concerns.
- 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%.
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118 Articles
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Total News Sources118
Leaning Left18Leaning Right13Center52Last UpdatedBias Distribution62% Center
Bias Distribution
- 62% of the sources are Center
62% Center
L 22%
C 62%
R 16%
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