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According to the Conference Board's report, which measures US consumer trends, the consumer confidence index decreased by 2.2 points from the previous month to 135.7. Market expectations for the index, which had fallen from the 18-year high, were set at 135.8.
Consumer confidence in the decline recorded in November after breaking the October record was effective in forecasting for the future. In the report, it is noted that the expectations index, which reflects Americans' forecasts for the future, rose from 115.1 to 111.0. The current situation index, which measures consumer ratings for current conditions, increased from 171.9 to 172.7.
Lynn Franco, director of economic indicators at the Conference Board, said in a statement on the data, that consumer confidence was historically high despite the slight decline observed in November, adding: "Overall, consumers are convinced that strong growth will continue next year ".
(AA)
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