US consumer confidence

US consumer confidence drops to 96.1 as coronavirus spreads

by
US consumer confidence drops to 96.1 as coronavirus spreads

WASHINGTON: U.S. consumer confidence fell to a reading of 96.1 in November as rising coronavirus cases pushed American optimism down to the lowest level since August. The November reading released Tuesday by the Conference Board said represents a drop from a revised 101.4 in October. The decline reflected a big drop in consumer expectations for … Read more

US consumer confidence fades further in August

by
US consumer confidence fades further in August

Washington: US consumer confidence continued to deteriorate in August, falling below the level seen in the early weeks of the pandemic as coronavirus cases rise, according to a survey released Tuesday. After dropping in July, the Conference Board‘s consumer confidence index fell further to 84.8 in August from 91.7 the month prior as sentiment about … Read more