US: CB Consumer Confidence Index edges down to 135.7 in Nov from 137.9 in Oct

Eren Sengezer FXStreet

"The Consumer Confidence Index declined in November, following an improvement in October. The Index now stands at 135.7 (1985=100), down from 137.9 in October," the Conference Board reported on Tuesday.

Key takeaways from the press release

The Present Situation Index – based on consumers’ assessment of current business and labor market conditions – improved slightly, from 171.9 to 172.7.
The Expectations Index – based on consumers’ short-term outlook for income, business and labor market conditions – decreased from 115.1 last month to 111.0 this month.
Consumers’ optimism about the short-term future declined in November.
Consumers’ outlook for the labor market was somewhat mixed.
- Those expecting more jobs in the months ahead increased slightly from 22.3 percent to 22.8 percent, while those anticipating fewer jobs also increased slightly, from 10.6 percent to 11.1 percent.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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