Economy
November 30, 2018
Consumer Confidence Loses Momentum in November
Written by Peter Wright
U.S. consumer confidence lost momentum in November. The Conference Board’s measure of consumer confidence declined for the month, but the three-month moving average (3MMA) continued to advance.
The board’s composite value of consumer confidence in November was 135.7, down from 137.9 in October. The 3MMA, which smooths the data to reduce monthly volatility, increased from 136.0 in October to 136.3 in November, which was 11.2 points higher than in November last year.
