Consumer Confidence Continues To Slide

Consumer confidence seems to be sliding lower going into year end. The latest signal comes from the consumer comfort index which fell a very sharp 1.3 points in the November 29 week to 39.6. This is the fifth decline in the last six weeks. Last week's consumer sentiment index showed a similar rate of erosion. Global troubles are not helping the confidence of the consumer who, however, continues to spend and continues to support the U.S. economy.