US Conference Board Consumer Confidence dropped to 135.7 in November, down from 137.9, missed expectation of 136.0.
In the release, it’s noted that
- “Despite a small decline in November, Consumer Confidence remains at historically strong levels.”
- “Consumers’ assessment of current conditions increased slightly, with job growth the main driver of improvement.
- Expectations, on the other hand, weakened somewhat in November, primarily due to a less optimistic view of future business conditions and personal income prospects.
- Overall, consumers are still quite confident that economic growth will continue at a solid pace into early 2019.
- However, if expectations soften further in the coming months, the pace of growth is likely to begin moderating.”
