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- U.S. consumer confidence index falls to 94.2 in April
U.S. consumer confidence index falls to 94.2 in April
The Conference Board released its consumer confidence index for the U.S. on Tuesday. The index fell to 94.2 in April from 96.1 in March. March's figure was revised down from 96.2.
Analysts had expected the index to decline to 96.0.
The present conditions index climbed to 116.4 in April from 114.9 in March.
The Conference Board's consumer expectations index for the next six months decreased to 79.3 in April from 83.6 in March.
The percentage of consumers expecting more jobs in the coming months was down to 12.2% in April from 13.0% in March.
"Consumer confidence continued on its sideways path, posting a slight decline in April, following a modest gain in March. Consumers' assessment of current conditions improved, suggesting no slowing in economic growth. However, their expectations regarding the short-term have moderated, suggesting they do not foresee any pickup in momentum," the director of economic indicators at The Conference Board, Lynn Franco, said.
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