Consumer confidence down in November after October rebound

Consumer confidence down in November after October rebound

The Conference Board Consumer Confidence Index fell in November, mainly because consumers felt more pessimistic about the short-term outlook.

–Consumers were less positive about current business conditions and the present state of the job market,” said Lynn Franco, director of economic indicators at the Conference Board. –Their optimism in the short-term outlook in both areas has waned.” But, Franco noted, consumersê income expectations were virtually unchanged, and low gas prices should help boost holiday sales.