Weekly Economic Update – November 30th, 2015

CONSUMER CONFIDENCE TRENDS DOWN

November saw the Conference Board consumer confidence index plummet. It dropped 8.7 points from its revised October mark of 99.1 to 90.4; economists polled by Briefing.com assumed it would rise slightly to 99.6. The CB attributed November’s poor reading (the lowest since September 2014) to declining expectations of job and wage growth in the next few months. November’s final University of Michigan consumer sentiment index also declined to 91.3 from its preliminary reading of 93.1.1,2