Consumer confidence tumbled in November to its second-lowest reading since April, as Americans grew increasingly pessimistic about their financial prospects and the economy’s direction amid an ongoing federal government shutdown.
The Conference Board’s Consumer Confidence Index fell 6.8 points to 88.7, down from 95.5 in October, marking the sharpest monthly decline since the spring. The drop ended several months of sideways movement and brought the index to its most depressed level in more than half a year.
The decline was driven by deteriorating views across multiple dimensions of economic life. Americans grew more negative about current…
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