Updated: 29-Nov-22 10:40 ET
| November Consumer Confidence |
 |
|
| Updated: 29-Nov-22 10:40 ET |
Highlights
- The Conference Board's Consumer Confidence Index fell to 100.2 in November (Briefing.com consensus 100.0) from a downwardly revised 102.2 (from 102.5) in October.
- In the same period a year ago, the Consumer Confidence Index stood at 111.9.
Key Factors
- The Present Situation Index declined to 137.4 from 138.7.
- The Expectations Index dropped to 75.4 from 77.9.
Big Picture
- The key takeaway from the report is that inflation and interest rate hikes continue to pressure consumer confidence. Intentions to buy homes, autos, and big-ticket appliances have all cooled, according to the report; meanwhile, a reading below 80 for the Expectations Index "suggests the likelihood of a recession remains elevated."
| Category | NOV | OCT | SEP | AUG | JUL |
| Conference Board | 100.2 | 102.2 | 107.8 | 103.6 | 95.3 |
| Expectations | 75.4 | 77.9 | 79.5 | 75.8 | 65.6 |
| Present Situation | 137.4 | 138.7 | 150.2 | 145.3 | 139.7 |
| Employment ('plentiful' less 'hard to get') | 32.8 | 31.8 | 38.1 | 36.0 | 36.8 |
| 1 yr inflation expectations | 7.2% | 6.9% | 6.8% | 7.0% | 7.4% |