Consumer confidence dipped once more in April as anxiousness over a slowing economic system and potential recession weighed on American households.
The Conference Board reported Tuesday that its client confidence index fell to 101.3 in April from 104 in March.
Optimism about present circumstances ticked up once more, though shoppers are much less constructive concerning the short-term future.
The index stays beneath 2022’s common stage of 104.5.
The enterprise analysis group’s current scenario index — which measures shoppers’ evaluation of present enterprise and labor market circumstances — inched as much as 151.1 from 148.9 final month.
The board’s expectations index — a measure of shoppers’ six-month outlook for earnings, enterprise and labor circumstances — fell to 68.1 this month from 74 in March. A studying beneath 80 usually alerts a recession within the coming yr. The Conference Board famous that studying has are available beneath 80 each month however one since February of 2022.
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