Key Insights
- CB Consumer Confidence decreased from 102.6 in October to 102 in November.
- Present Situation Index declined from 138.6 to 138.2.
- Expectations Index improved from 72.7 to 77.8.
On November 28, The Conference Board released CB Consumer Confidence report for November, The report indicated that Consumer Confidence declined from 102.6 in October to 102 in November, compared to analyst consensus of 101.
The Present Situation Index, which is based on consumers’ assessment of current business and labor market conditions, declined from 138.6 in October to 138.2 in November. The Expectations Index increased from 72.7 to 77.8. It should be noted that the Expectations Index remains below the 80 level for a third consecutive month. Such levels historically signal a recession.
The Conference Board commented: “Consumer confidence…
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