Consumer Confidence Hits Second-Lowest Level Since April, Conference Board Says

02:54 PM EST, 11/25/2025 (MT Newswires) -- US consumer confidence fell in November to its second-lowest level since April amid broad-based weakness, the Conference Board said Tuesday.

The consumer confidence index dropped 6.8 points sequentially to 88.7 in November. The consensus was for a 93.3 print in a Bloomberg survey.

"Consumer confidence tumbled in November to its second-lowest level since April after moving sideways for several months," Conference Board Chief Economist Dana Peterson said. "All five components of the overall index flagged or remained weak."

The present situation index decreased 4.3 points month on month to 126.9, while the expectations gauge, which covers income, business and labor market conditions, fell 8.6 points to 63.2.

"Consumers were notably more pessimistic about business conditions six months from now," Peterson said. "Mid-2026 expectations for labor market conditions remained decidedly negative, and expectations for increased household incomes shrunk dramatically, after six months of strongly positive readings."

On average, consumers' outlook for one-year inflation continued to be elevated this month, with the median rate rising to 4.8%, the Conference Board said. Over the next six months, intentions for purchasing big-ticket items fell in November, while consumers "curbed" services spending plans, according to the report.

"Consumers' write-in responses pertaining to factors affecting the economy continued to be led by references to prices and inflation, tariffs and trade, and politics, with increased mentions of the federal government shutdown," Peterson said. "Mentions of the labor market eased somewhat, but still stood out among all other frequent themes not already cited."

On Friday, a survey by the University of Michigan showed that US consumer sentiment improved in November after the federal government shutdown ended, but remained downbeat amid macro pressures.

The 43-day-long record government shutdown ended earlier this month.

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