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U.S. Consumer Confidence Slips in November as Households Grow More Cautious
U.S. consumer confidence weakened in November as households grew more concerned about jobs and personal finances, partly reflecting the recent government shutdown. Inflation, politics, and trade tensions remained top worries.
U.S. consumer confidence dipped in November as households grew more uneasy about the job market and their personal finances, a shift that may partly reflect the impact of the recently concluded government shutdown.
The Conference Board said Tuesday that its Consumer Confidence Index fell to 88.7 this month, down from an upwardly revised 95.5 in October. Economists polled by Reuters had expected the index to ease to 93.4 from the previously reported 94.6.
“Consumers’ write-in responses continued to highlight concerns about prices and inflation, tariffs and trade, and politics—especially the federal government shutdown,” said Dana Peterson, the Conference Board’s chief economist.
She added that references to the labor market appeared less frequently this month, though they remained more common than many other recurring themes not mentioned earlier. “Overall, the tone of November’s write-ins was slightly more negative than in October.”
