Consumer Confidence Falls Slightly in April

Consumer Confidence, which had increased in March, declined slightly in April.

The Index, prepared by The Conference Board, now stands at 82.3 (1985=100), down from 83.9 in March.

The Present Situation Index decreased to 78.3 from 82.5, while the Expectations Index was virtually unchanged at 84.9 versus 84.8 in March.

“Consumer confidence declined slightly in April, as consumers assessed current business and labor market conditions less favorably than in March,” said Lynn Franco, Director of Economic Indicators at The Conference Board.

“However, their expectations regarding the short-term outlook for the economy and labor market held steady. Thus, while sentiment regarding current conditions may have slipped a bit, consumers do not foresee the economy, or the labor market, losing the momentum that has been building up over the past several months.”

Tags: Consumer confidence

Category: Featured, General Update