Consumer confidence decreased strongly in the US

After a slight decline of october, consumer confidence deteriorated sharply in the United States in November – the Conference Board economic research institute announced on Tuesday.

The CCI (Consumer Confidence Index) fell from 99.1 points to 90.4 points in November. Analysts expected a slight improvement of 99.5 points.

The respondents are less optimistic in terms of the outlook for the labor market, in terms of business perceptions they do not expect a substantial change. (MTI)