US: CB Consumer Confidence drops to 109.5 in November versus expected 111.0
According to the latest Consumer Confidence survey conducted by the US Conference Board, US Consumer Confidence fell to 109.5 in November from 113.8 in October. That was a larger drop than the expected decline to 111.0.
The Present Situation index fell to 142.5 in November from October's downwardly revised reading of 145.5 from 147.4. Meanwhile, the US Consumer Expectations index fell to 87.6 in November from 89.0 in October.
The Jobs Plentiful versus Hard to Get ratio hit a record high at 46.90.
Market Reaction
FX markets have not seen any notable reaction to the latest CB consumer confidence data, as markets await comments from Fed Chair Jerome Powell and US Treasury Secretary Janet Yellen in a testimony before the Senate Committee on Banking, Housing, and Urban Affairs.
Author
Joel Frank
Independent Analyst
Joel Frank is an economics graduate from the University of Birmingham and has worked as a full-time financial market analyst since 2018, specialising in the coverage of how developments in the global economy impact financial asset
