Consumer Confidence Plummets in November
Update: 2025-11-25
Description
Consumer confidence plummets in November, marking the second-lowest reading since April, as Americans grapple with rising costs and slow job growth. The Conference Boards consumer confidence index fell to 88.7, down from 95.5 in October. This decline is attributed to the recent government shutdown, ongoing weak hiring trends, and persistent inflation. The slowdown in retail sales further underscores a less robust economy as the year ends. Economists now anticipate weaker performance in the final quarter, largely due to the government shutdowns lingering effects. The overall sentiment suggests a cautious consumer base navigating economic uncertainties as we approach the holiday season and the new year.
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