ByZachary Folk,
Forbes Staff.
The consumer confidence index dropped in November, the Conference Board said in a report issued Tuesday, falling 6.8 points to its lowest level since April, when fears over the Trump administration’s tariffs drove a sharp drop in confidence.
The consumer confidence index fell to 88.7 in November, according to the Conference Board’s latest report, after posting a revised index of 95.5 in October during the height of the government shutdown.
Tuesday’s drop in confidence was worse than expectations—economists polled by Reuters expected the index to drop only a few points to 93.4 in November.
