New york: The Conference Board's US Consumer Confidence Index experienced a notable decline in November, dropping 6.8 points to a level of 88.7, as revealed by survey data released on Tuesday. This marks a significant dip from the revised October figure of 95.5 points, with November's numbers falling short of market expectations which had anticipated a reading of 93.5.

According to Anadolu Agency, the Present Situation Index, which evaluates American consumers' perceptions of current job and labor market conditions, saw a decrease of 4.3 points, bringing it down to 126.9 in November. Similarly, the Expectations Index, which gauges consumers' short-term outlook on income, job, and labor market conditions, dropped by 8.6 points to 63.2. The Conference Board noted that the Expectations Index has remained below the critical threshold of 80 for ten months consecutively, a level that typically indicates a potential recession.

Dana Peterson, chief economist at the Conference Board, highlighted that consumer confidence in November plummeted to its second lowest point since April, following several months of stagnation. Peterson pointed out that the mid-2026 outlook for labor market conditions continued to be negative, and there was a significant decrease in expectations for household income growth, reversing a trend of positive readings over the previous six months.

Commentary from Guichard indicated that consumer concerns are increasingly focused on issues such as prices and inflation, tariffs and trade, and political factors, including the federal government shutdown. While mentions of the labor market decreased slightly, they remained prominent among the concerns expressed by consumers. The overall sentiment from consumer write-in responses in November was described as more negative compared to those in October.