U.S. consumer confidence declines in November
The numbers: Consumer confidence fell in November for the fourth month in a row as Americans expressed more worries about the U.S. labor market, but they remained generally upbeat about the economy heading into the holiday season.
What happened: American were a bit less optimistic about the state of the economy right now, but they expect it to improve a bit in the months ahead. “Overall, confidence levels are still high and should support solid spending during this holiday season,” said Lynn Franco, director of economic indicators at the privately run Conference Board.
Businesses are less confident largely because of a trade war with China that’s dented exports, raised costs and cut into profits. The U.S. and China are striving to strike a “phase-one” agreement, but companies are unlikely to boost spending and investment until trade tensions ease.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
US consumer confidence falls for fourth consecutive monthConsumer confidence dipped for a fourth straight month in November as economic conditions weaken toward the end of 2019.
Lire la suite »
Best Buy earnings, housing data, consumer confidence: Three things to watch for in the markets TuesdayBest Buy earnings, housing, consumer confidence: Three things to watch for in the markets Tuesday
Lire la suite »
Dallas Fed President Robert Kaplan says the fourth-quarter economy is 'weak'“We think the 4th quarter is going to be weak,” Dallas Fed President Robert Kaplan tells steveliesman. Here are the structural issues he sees in the economy.
Lire la suite »
Stocks Are Finally Diverging After Trading in TandemAfter months of frequently trading together, shares of big U.S. companies have begun to diverge, more often rising or falling on fundamentals or company-specific news.
Lire la suite »
U.S. trade deficit in goods falls 5.7% in October to a 17-month lowAn early look at U.S. trade patterns in October showed a nearly 6% decline in the nation’s trade deficit in goods. The gap was the lowest level in 17 months,...
Lire la suite »
Special report: ‘Time to take out our swords' - Inside Iran’s plot to attack Saudi ArabiaHow Iranian security officials, including the top echelons of the Revolutionary Guards, sought to punish the U.S. for pulling out of the nuclear treaty and re-imposing economic sanctions on Iran via specialreports
Lire la suite »