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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Three Gauges, One Outlier
Three widely watched surveys measure U.S. consumer confidence. Judged against each one's own history, RCM/TIPP and the Conference Board sit near normal; Michigan is near a record low.
The Divide Widens
The RCM/TIPP Economic Optimism Index rose 0.5 points to 45.6 in September, its best reading since March. The gain came almost entirely from investors, and the confidence gap between investors and everyone else is now the second-widest on record.
The Rebound Holds
The RCM/TIPP Economic Optimism Index held July's rebound in August, easing just 0.4 points to 45.1, as personal finances firmed and the six-month outlook slipped.
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