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U.S. consumer confidence ebbs in November -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: Black Friday shopping at King of Prussia mall, King of Prussia in Pennsylvania. U.S. November 26 2021. REUTERS/Rachel Wisniewski

WASHINGTON (Reuters] – U.S. consumer sentiment fell in November as a result of concerns regarding rising costs of living, and the relentless COVID-19 pandemic.

On Tuesday, the Conference Board reported that its consumer confidence index dropped to 109.5 from 111.6 October. This survey was done before Omicron was discovered, which is a new coronavirus variant, was made public by South African scientists last week. Reuters polled economic experts and forecasted that the index would drop to 111.0.

 

 

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