US consumer confidence declined in November


In November, the US consumer confidence index was 98.3 points, down from 99.6 points in October, preliminary data from the University of Michigan showed. Nevertheless, the index value was higher than the experts' forecast of 98 points. The growth of interest rates lowered consumer confidence in their ability to buy durable goods in the long term, which affected the growth of the corresponding indicator to a maximum since March level of 167 points. At the same time, their attitude to the current financial situation improved from 112.3 points to 115.2 points. The expectations indicator for the next 6 months was at a minimum for the year, falling to 86.1 points from 88.1 points. In the medium term, consumers expect inflation of 2.7%, rather than 2.8%, as predicted in October. For the long run, their estimate has decreased from 2.6% to 2.4%.

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