November 24, 2020

US consumers see gloomy future, sinking November confidence

Washington (AFP) – The outlook among US consumers is increasingly grim, sending confidence lower as the country grapples with a surge in Covid-19 cases, according to a survey released Tuesday.The Conference Board, a New York-based business research organization, reported consumer confidence falling slightly more than expected to 96.1 from its upwardly revised 101.4 in October, driven mostly by worsening forecasts for the months ahead.”Heading into 2021, consumers do not foresee the economy, nor the labor market, gaining strength,” senior director of economic indicators Lynn Franco said.”In add…


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