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CB Consumer Confidence unexpectedly declined to 90.4

Tuesday, Nov 24 2015

The Conference Board Consumer Confidence Index, which had decreased moderately in October, declined further in November. The Index now stands at 90.4 (1985=100), down from 99.1 in October. Analysts were predicting increase to 99.3. The Present Situation Index decreased from 114.6 last month to 108.1 in November, while the Expectations Index declined to 78.6 from 88.7 in October.

"Consumer confidence retreated in November, following a moderate decrease in October," said Lynn Franco, Director of Economic Indicators at The Conference Board. "The decline was mainly due to a less favorable view of the job market. Consumers' appraisal of current business conditions, on the other hand, was mixed. Fewer consumers said conditions had improved, while the proportion saying conditions had deteriorated also declined. Heading into 2016, consumers are cautious about the labor market and expect little change in business conditions

Euro is currently being traded few points below 1.0640 level, Sterling is around 1.5060 handle, while Aussie is above 0.7220 area.

Last modified on Tuesday, 24 November 2015
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