The Conference Board US consumer confidence index fell by 7.9 points in April to 86—the fifth monthly decline in a row.
The drop was largely driven by consumers’ expectations.
The three expectation components—business conditions, employment prospects and future income—all dropped sharply, reflecting pervasive pessimism about the future.
The decline was sharpest among consumers between 35 and 55.
The drop was largely driven by consumers’ expectations.
The three expectation components—business conditions, employment prospects and future income—all dropped sharply, reflecting pervasive pessimism about the future.
The decline was sharpest among consumers between 35 and 55.
