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.


About Author

Danielle Hall

Danielle Hall is an economic research manager at ABA.