WASHINGTON (AP) — U.S. consumers’ confidence in theeconomy fell in November to the lowest level in
seven months, asAmericans expressed more concerns about hiring and pay increases incoming months.The
Conference Board says that its index ofconsumer confidence dropped to 70.4 from 72.4 in October. The
Octoberreading was slightly higher than initially reported.Confidence has now fallen for three straight
months after reaching a five-year high of 82.1 in June.Consumers’ confidence is closely watched because
consumer spending accounts for 70 percent of economic activity.Copyright 2013 The Associated Press. All
rightsreserved. This material may not be published, broadcast, rewritten orredistributed.WASHINGTON (AP) —
U.S. consumers’ confidence in theeconomy fell in November to the lowest level in seven months, asAmericans
expressed more concerns about hiring and pay increases incoming months.The Conference Board says that its
index ofconsumer confidence dropped to 70.4 from 72.4 in October. The Octoberreading was slightly higher
than initially reported.Confidence has now fallen for three straight months after reaching a five-year high
of 82.1 in June.Consumers’ confidence is closely watched because consumer spending accounts for 70 percent
of economic activity.Copyright 2013 The Associated Press. All rightsreserved. This material may not be
published, broadcast, rewritten orredistributed.