Daily News
From Home Furnishing Business
Consumer Confidence Slides to 90.4
November 25,
2015 by in Economic News, Industry 
Consumer confidence dropped this month to its lowest level in more than a year, according to the latest survey by the Conference Board.
The index dropped to 90.4 from a revised 99.1 in October. That’s the lowest level since September 2014.
The Present Situation Index decreased from 114.6 last month to 108.1 in November, while the Expectations Index declined to 78.6 from 88.7 in October.
“Consumer confidence retreated in November, following a moderate decrease in October,” said Lynn Franco, director of economic indicators at the Conference Board. “The decline was mainly due to a less favorable view of the job market. Consumers’ appraisal of current business conditions, on the other hand, was mixed. Fewer consumers said conditions had improved, while the proportion saying conditions had deteriorated also declined. Heading into 2016, consumers are cautious about the labor market and expect little change in business conditions.”