Consumer Confidence Dips in November But Stays High and ‘Should Support Solid Holiday Spending’

Pedestrians walk by a sign at an Old Navy store in San Francisco, Calif., on Aug. 25, 2009. The New York-based Conference Board reported that while its Consumer Confidence index dropped in November, it remains high "and should support solid holiday spending." Justin Sullivan/Getty Images

Researchers at a New York-based organization that tracks buyer sentiment said U.S. consumer confidence fell for a fourth straight month in November, but remained high enough to support a steady pace of spending going into the holiday season.

The Conference Board, which calls itself a “member-driven think tank that delivers trusted insights for what’s ahead,” said its consumer confidence index slipped to a reading of 125.5 this month from an upwardly revised 126.1 in October. The figures, published Tuesday, show that consumer confidence has fallen for four straight months, although the organization said in a statement that “confidence levels still remain high, and should support solid holiday spending.”