U.S. Consumer Confidence Falls to Lowest in More Than a Year
- Conference Board's gauge down to 90.4 on slump in expectations
- Americans became less optimistic about labor market outlook
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Consumer confidence unexpectedly declined in November to the lowest level in more than a year as Americans grew less enthusiastic about the labor-market outlook.
The Conference Board’s index slumped to 90.4, the lowest since September 2014, from a revised October reading of 99.1, the New York-based private research group said Tuesday. The November gauge was weaker than the lowest forecast in a Bloomberg survey of economists. The cutoff date of the Conference Board’s survey was Nov. 12.