The Conference Board's Consumer Confidence Index fell to 100.2 in November (Briefing.com consensus 100.0) from a downwardly revised 102.2 (from 102.5) in October.
In the same period a year ago, the Consumer Confidence Index stood at 111.9.
The Present Situation Index declined to 137.4 from 138.7.
The Expectations Index dropped to 75.4 from 77.9.The key takeaway from the report is that inflation and interest rate hikes continue to pressure consumer confidence. Intentions to buy homes, autos, and big-ticket appliances have all cooled, according to the report; meanwhile, a reading below 80 for the Expectations Index "suggests the likelihood of a recession remains elevated."
|Employment ('plentiful' less 'hard to get')||32.8||31.8||38.1||36.0||36.8|
|1 yr inflation expectations||7.2%||6.9%||6.8%||7.0%||7.4%|