Economics
U.S. Consumer Confidence Falls as Virus Surge Damps Expectations
- Conference Board’s index weaker than projection for 98
- Outlook measure decreases by the most in four months
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U.S. consumer confidence fell in November to a three-month low as the coronavirus resurgence prompted a slide in Americans’ expectations for the economy and job market.
The Conference Board’s index decreased to 96.1 from an upwardly revised 101.4 reading in October, according to a report Tuesday. The median forecast in a Bloomberg survey of economists called for the measure to slip to 98.