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    Market Data

    November 27, 2013

    November Consumer Confidence

    Written by Peter Wright

    In November consumer confidence declined for the third consecutive month. This was entirely due to the expectations component of the index.

    On a three month moving average basis the news looks better (Figure 1). On this basis the present situation component has been little changed for four months but expectations have taken a dive, probably because of continued uncertainty about future government policies regarding the budget and health care. The present situation measure is 18.4 points up on where it was a year ago but expectations are now lower (Table 1).  

    Peter Wright

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