Consumer sentiment weakened in November, as the RealClearMarkets/TIPP Economic Optimism Index, the first monthly read on U.S. consumer confidence, declined from 48.3 in October to 43.9 - a sharp 4.4-point (9.1%) drop. This marks the third consecutive month the Index has remained below the neutral 50 benchmark, signaling continued pessimism.
From Reflection To Retreat: RCM/TIPP Economic Optimism Index Drops Sharply In November
The November reading of 43.9 marks a steep 9% monthly decline and a widening gap between investors and non-investors.
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September Swoon
The RCM/TIPP Sentiment Index plunged to 48.7, wiping out August’s fleeting rebound above 50.
