US consumer confidence slumps to lowest in seven months
WASHINGTON, United States — US consumer confidence declined sharply this month, reaching its lowest level since April as consumers grew gloomier about business and job market conditions — while also fretting about the outlook ahead. The survey data released Tuesday reflects American households’ concerns with stubbornly high costs of living as the labor market cools. The Conference Board’s consumer confidence index dropped to 88.7 in November, down from October’s 95.5 reading and below analyst expectations. “All five components of the overall index flagged or remained weak,” said The Conference Board’s chief economist Dana Peterson. Consumers were “less sanguine” about their […]...Keep on reading: US consumer confidence slumps to lowest in seven months
