Consumer Confidence Falls To Lowest Level In 14 Months

Consumers confidence fell in November to the lowest level in more than a year, a survey shows. The consumer confidence index dropped to 90.4 from a revised 99.1 in October, the Conference Board said Tuesday. That's the lowest level since September 2014. Economists polled by MarketWatch had expected the index to rise to 100. The present situation index, a measure of current conditions, dropped to 108.1 from 114.6. The future expectations index declined to 78.6 from 88.7, marking the lowest level in two years. "The decline was mainly due to a less favorable view of the job market," said Lynn Franco, director of economic indicators at board. The number of people who said jobs were hard to find rose while the percentage who said jobs were plentiful declined.