US consumer confidence slips in November but is still strong

US consumer confidence slips in November but is still strong
FILE- In this Nov. 23, 2018, file photo Shauna Turlipof, left, and Kathi Bankes make their way through other Black Friday shoppers at the Viewmont Mall in Scranton, Pa. On Tuesday, Nov. 27, the Conference Board releases its November index on U.S. consumer confidence. (Jake Danna Stevens/The Times-Tribune via AP, File)

WASHINGTON (AP) — U.S. consumer confidence slipped this month but remains strong.

The Conference Board, a business research group, says its consumer confidence index fell to 135.7 in November from October’s 18-year high 137.9.

The index measures consumers’ assessment of current economic conditions and their outlook for the next six months. Their evaluation of today’s economy improved — but their assessment of future conditions slipped in November.

“Overall, consumers are still quite confident that economic growth will continue at a solid pace into early 2019,” says Lynn Franco, a Conference Board economist. “However, if expectations soften further in the coming months, the pace of growth is likely to begin moderating.”

Americans’ sunny mood reflects a strong job market. Unemployment has dropped to a five-decade low 3.7 percent.