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Consumer confidence in the US slid again in November – plunging confidence levels to their lowest in two years.
The consumer confidence index now stands at 87.3, down from 95.2 in October. The index – which is produced by New York-based business organisation The Conference Board – is based on a representative sample of 5,000 US households.
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The Conference Board's consumer research centre director Lynn Franco said: “Consumers’ apprehension about the short-term outlook is being fuelled by volatility in financial markets, rising prices at the pump and the likelihood of larger home heating bills this winter.”
