November Consumer Confidence Misses Estimates, Weakest Since April

November Consumer Confidence Data

• 📉 The headline consumer confidence number for November came in at 88.7, significantly missing the estimated 93.2.
• ⚠️ This reading is the weakest since April, indicating a decline in consumer sentiment.

Present Situation Index

• 📊 The present situation index was revised upwards for the previous month, from 94.6 to 95.5.
• 🎯 However, the current present situation index for November registered 126.9, marking a miss and the weakest reading since March 2021.

Expectations Index

• 💡 The expectations index for what may lie ahead also fell short, coming in at 63.2.
• 🗓️ This is the lowest reading for the expectations index since April of this year.
• 📈 While the November numbers represent misses, there were subtle positive revisions for the previous month's expectations index, from 71.5 to 71.8.