(Corrects to delete extraneous word in headline) WASHINGTON (Reuters) -U.S. consumer confidence sagged in November as households worried about jobs and their financial situation, likely in part because of the recently ended government shutdown. The Conference Board said on Tuesday its consumer confidence index dropped to 88.7 this month from an upwardly revised 95.5 in […]
U.S.
US consumer confidence deteriorates in November
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(Corrects to delete extraneous word in headline)
WASHINGTON (Reuters) -U.S. consumer confidence sagged in November as households worried about jobs and their financial situation, likely in part because of the recently ended government shutdown.
The Conference Board said on Tuesday its consumer confidence index dropped to 88.7 this month from an upwardly revised 95.5 in October. Economists polled by Reuters had forecast the index edging down to 93.4 from the previously reported 94.6 in October.
“Consumers’ write-in responses pertaining to factors affecting the economy continued to be led by references to prices and inflation, tariffs and trade, and politics, with increased mentions of the federal government shutdown,” said Dana Peterson, chief economist at the Conference Board.
“Mentions of the labor market eased somewhat but still stood out among all other frequent themes not already cited. The overall tone from November write-ins was slightly more negative than in October.”
(Reporting by Lucia Mutikani; Editing by Chizu Nomiyama )