(CercleFinance.com) – US household morale fell to an almost 10-year low in November, mainly due to the sharp rise in inflation, final results from the University of Canada’s monthly survey show. Michigan.
The consumer confidence index returned this month to 67.4 against 66.8 in first estimate and after 71.7 in October.
‘This decline is due to the combination of a rapid rise in inflation coupled with the absence of federal policies to limit the consequences on the household budget’, explains Richard Curtin, the author of the study. .
The economist evokes a phenomenon which is now spreading very widely within the economy, with one in four consumers believing that it affected their lifestyle in November.
The component of consumer expectations thus fell to 63.5 from 67.9 in October, while that of current conditions stood at 73.6, well below the 77.7 of the previous month.
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