U.S. Conference Board’s index of consumer confidence falls in November, but remains strong

U.S. consumer confidence falls in November; however, it remains at historically solid levels. The Conference Board’s index of consumer confidence fell to 135.7 in November, after scaling an 18-year high in October. The outturn is widely consistent with Bloomberg consensus expectations. In spite of the move lower, the index continues to be at historically solid levels and is in line with strong consumer sentiment.

Most of the fall in November was led by the expectations index, as consumers’ assessments of future business conditions and personal income prospects turned slightly less favourable. These might be linked to the recent stock market volatility and some uncertainty around trade policies. However, consumers continue to be widely positive regarding the present situation, with respect to business conditions, income and employment, noted Barclays in a research report.

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