CB: U.S. Consumer Confidence Falls to 7Mo Low In November


   
Karim Bastati
DTN Analyst

   VIENNA (DTN) -- U.S. consumer confidence fell sharply in November, with the 
index dropping by 6.8 points to 88.7 from a revised 95.5 in October, according 
to the Conference Board report released Tuesday (11/25) morning.

   The Expectations Index, which reflects consumers' short-term outlook for 
income, business, and labor market conditions, slid by 8.6 points to 63.2, 
remaining below the threshold of 80 that typically signals a recession ahead 
for the tenth consecutive month.

   The Present Situation Index, which measures consumers' assessment of current 
business and labor market conditions, fell by 4.3 points to 126.9.

   "Consumer confidence tumbled in November to its second lowest level since 
April after moving sideways for several months," said Dana Peterson, Chief 
Economist at The Conference Board, adding that "all five components of the 
overall index flagged or remained weak".

   Consumer expectations worsened considerably in November. "Consumers were 
notably more pessimistic about business conditions six months from now. 
Mid-2026 expectations for labor market conditions remained decidedly negative, 
and expectations for increased household incomes shrunk dramatically, after six 
months of strongly positive readings", the report read.

   Average 12-month inflation expectations remained elevated in November, with 
the median rate rising to 4.8%.

   The share of consumers expecting a recession over the next 12 months rose in 
November, as did the share of consumers thinking a recession had already 
started.

   The University of Michigan's monthly survey released Friday (11/21) 
contained similar findings, attributing the drop in sentiment and expectations 
in part to the record-long shutdown of the federal government.

    




(c) Copyright 2025 DTN, LLC. All rights reserved.