U.S. consumer confidence index falls sharply in November


NEW YORK, Nov. 25 (Xinhua) -- The U.S. Conference Board Consumer Confidence Index released on Tuesday stood at 88.7 in November, down 6.8 points from 95.5 in October.

The Present Situation Index, based on consumers' assessment of current business and labor market conditions, declined by 4.3 points to 126.9. The Expectations Index, which gauges consumers' short-term outlook for income, business and labor market conditions, fell 8.6 points to 63.2.

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