WASHINGTON | US consumer confidence slips in November but is still strong
WASHINGTON— U.S. consumer confidence slipped this month but remains strong.
The Conference Board, a business research group, said Tuesday that its consumer confidence index fell to 135.7 in November from October’s 18-year high 137.9.
The index measures consumers’ assessment of current economic conditions and their outlook for the next six months. Their evaluation of today’s economy improved — but their assessment of future conditions slipped in November.
“Overall, consumers are still quite confident that economic growth will continue at a solid pace into early 2019,” says Lynn Franco, a Conference Board economist.