- US consumer confidence expected to moderate in November.
- October score was the best in 18 years.
The Conference Board Consumer Confidence Index for November will be released on Tuesday November 27th at 10 am EST, 15:00 GMT on Tuesday.
Forecast – Confidence to remain strong
This American consumer sentiment index is expected to dip slightly in November to 135.5 from October’s reading of 137.9 which was the highest since September 2000.
The US economy has provided plentiful reasons over the past year for consumers to feel expansive heading into the holiday shopping season. Unemployment is at a five decade low, wage compensation has returned to pre-crash levels, inflation remains low and last year’s tax reform has provide consumers with extra spending cash.
The Present Situation Index from the Conference Board which assesses consumers' view of current business and labor market conditions rose in October to 172.8 from 169.4. The Expectations Index, based on the near-term outlook, climbed to 114.6 last month from 112.5 in September.
The percentage of consumers noting 'good' business conditions rose to 40.5% from 39.9% in October while those finding "bad" conditions fell to 9.2% from 9.6%. Jobs were said to be "plentiful" by 45.9% in October over September's 44.1%. Those saying jobs are "hard to get" fell to 13.2% last month from 14.1% in September.
The percentage of consumers expecting an improvement in their wages rose to 24.7% in October from 22.5% prior. Those expecting a drop in compensation increased to 8.5% from 7.6%
The Conference Board Consumer Confidence Survey is a long running assessment of the state of the US consumer which began in 1967 and is conducted by Nielsen for the New York based non-profit business membership and research organization.
Reuters
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
AUD/USD stays heavy under 0.6150 after China's inflation data
AUD/USD is deep in the red below 0.6150 in Thursday's Asian trading, reversing the previous recovery led by US President Trump's decision for an immediate 90-day tariff pause for many countries. However, escalaitng US-China trade war and Chinese disinflation remain a drag on the Aussie pair.
USD/JPY tumbles below 147.00, awaits US CPI for fresh impetus
USD/JPY has come under intense selling presure and drops below 147.00 in the Asian session on Thursday. The US-China trade war escalation and the divergent BoJ-Fed policy expectations underpin the Japanese Yen and weigh heavily on the pair amid a renewed US Dollar downtick. US CPI awaited.
Gold sticks to gains near $3,1000 amid escalating US-China trade tensions
Gold price extends the previous rebound to trade near $3,100 in the Asian session on Thursday. The safe-haven demand amid escalating trade tensions between the United States and China provides some support to the precious metal but the further upside appears elusive ahead of US CPI data.
Senate approves Paul Atkins as new SEC Chair
The Senate voted 52-44 on Wednesday to approve Paul Atkins as the new SEC Chair. The news could improve sentiment in the crypto market, considering Atkins has previously advocated for better crypto regulations and served as an advisor to crypto companies.
Tariff rollercoaster continues as China slapped with 104% levies
The reaction in currencies has not been as predictable. The clear winners so far remain the safe-haven Japanese yen and Swiss franc, no surprises there, while the euro has also emerged as a quasi-safe-haven given its high liquid status.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.