NATIONAL

US Consumer Confidence Falls In November To Nine-Month Low

0
A sales associate processes the purchase of a hard drive at a Best Buy store after doors opened at 5 a.m. Friday, Nov. 26, 2021, in Lone Tree, Colo. Supply shortages, higher prices and staffing issues are problems that both retailers—and consumers—are grappling with as the holiday shopping season slides into high gear with Black Friday. (AP Photo/David Zalubowski)

(AP) — U.S. consumer confidence fell to a nine-month low in November, held back by rising worries about inflation and lingering concerns about the coronavirus. The Conference Board reported Tuesday that its  consumer confidence index dropped to a reading of 109.5, down from 111.6 in October. It was the lowest reading since the index stood at 95.2 in February. The Conference Board said that concerns about rising prices and to a lesser degree lingering worries about the delta variant were the primary drives of the decline.

Powell: COVID-19 Variant Clouds Inflation, Economic Outlook

Previous article

New Info Shows Omicron Spread Wider Earlier Than Thought

Next article

You may also like

More in NATIONAL