Conference Board Sees Declining Consumer Confidence

The Conference Board’s Consumer Confidence Index declined for a second straight month in November to a reading of 90.4, down from 99.1 in October and 102.6 in September.

The Present Situation Index also decreased for a second month to 108.1, down from 114.6 in October and 120.3 in September.

The Expectations Index saw a third monthly decline, to 78.6 in November, down from 91.6 in August.

According to Lynn Franco, Director of Economic Indicators at The Conference Board, “The decline was mainly due to a less favorable view of the job market… Heading into 2016, consumers are cautious about the labor market and expect little change in business conditions.”

Read The Conference Board report.