Economic Buzz: US Consumer Confidence Slips To 100.2 In November

30 Nov 2022 , 09:20 AM

Citing a recent increase in gas prices, the Conference Board released a report on Tuesday showing a modest decrease in U.S. consumer confidence in the month of November. The Conference Board said its consumer confidence index dipped to 100.2 in November from a revised 102.2 in October. The modest decrease by the headline index came as the present situation index edged down to 137.4 in November from 138.7 in October. The report showed the expectations index also fell to 75.4 in November from 77.9 in October, as consumers remain pessimistic about the short-term business conditions outlook. The Conference Board said consumers were also more downbeat about the short-term labor market outlook as well as their short-term income prospects.Powered by Commodity Insights