Updated: 30-Nov-21 10:21 ET
| November Consumer Confidence |
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| Updated: 30-Nov-21 10:21 ET |
Highlights
- The Conference Board's Consumer Confidence Index dropped to 109.5 in November (Briefing.com consensus 111.0) from a downwardly revised 111.6 (from 113.8) in October. That is the lowest reading since February 2021.
Key Factors
- The Present Situation Index dipped to 142.5 from 145.5.
- The Expectations Index decreased to 87.6 from 89.0.
Big Picture
- The key takeaway from the report is that concerns about rising prices and the Delta variant were the drivers of the decline in confidence. With the omicron variant now on the scene and not part of the equation for the November report, one has reason to think that consumer confidence will continue to skew to the cautious side of things.
| Category | NOV | OCT | SEP | AUG | JUL |
| Conference Board | 109.5 | 111.6 | 109.8 | 115.2 | 125.1 |
| Expectations | 87.6 | 89.0 | 86.7 | 92.8 | 103.8 |
| Present Situation | 142.5 | 145.5 | 144.3 | 148.9 | 157.2 |
| Employment ('plentiful' less 'hard to get') | 46.9 | 43.8 | 43.5 | 44.4 | 44.1 |
| 1 yr inflation expectations | 7.6% | 7.1% | 6.5% | 6.7% | 6.6% |