Consumer Confidence Unexpectedly Declines in November

Dow Jones Newswires

Consumers' outlook on the U.S. economy plunged in November to its lowest level in at least a year, as Americans lost faith in job prospects. The Conference Board, a private research group, said Tuesday its index of consumer confidence fell to 90.4 from a revised 99.1 in October. The initial October reading was 97.6. Economists surveyed by The Wall Street Journal had expected a reading of 99.5. "Heading into 2016, consumers are cautious about the labor market and expect little change in business conditions," said Lynn Franco, director of economic indicators at the board. Write to Harriet Torry at

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