Economy
November 25, 2014
Consumer Confidence Declines
Written by Peter Wright
The consumer confidence index as reported by the Conference Board declined in November and the October results were revised downwards. The composite fell from 94.1 to 88.7, the view of the present situation declined from 94.4 to 91.3 as expectations fell from 93.8 to 87.0.
The three month moving averages (3MMA) also declined. The 3MMA of the composite is now exactly equal to the 35 year average since 1980 at 90.6. The 3MMA of the composite, the view of the present situation and expectations are shown in Figure 1.
