WASHINGTON | US consumer confidence slips in November but is still strong

27Nov - by Editor - 0 - In STL.News



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.

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