Economics
U.S. Consumer Confidence Fell to a Nine-Month Low in November
- Conference Board index declines to 109.5 from 111.6 in October
- Quickening inflation, rising Covid cases weighed on sentiment
Photographer: Angus Mordant/Bloomberg
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U.S. consumer confidence decreased to a nine-month low in November as accelerating inflation and a pickup in Covid-19 cases weighed on Americans’ views on the economy.
The Conference Board’s index declined to 109.5 from a downwardly revised 111.6 reading in October, according to the group’s report Tuesday. Economists in a Bloomberg survey called for a drop to 110.9.