US consumer confidence falls for 3rd time in 4 months
Consumer confidence dipped again in April as anxiety over a slowing economy and possible recession weighed on American households
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Consumer confidence dipped again in April as anxiety over a slowing economy and possible recession weighed on American households.
The Conference Board reported Tuesday that its consumer confidence index fell to 101.3 in April from 104 in March.
Optimism about current conditions ticked up again, although consumers are less positive about the short-term future.
The index remains below 2022’s average level of 104.5.
The business research group’s present situation index — which measures consumers’ assessment of current business and labor market conditions — inched up to 151.1 from 148.9 last month.
The board’s expectations index — a measure of consumers’ six-month outlook for income, business and labor conditions — fell to 68.1 this month from 74 in March. A reading under 80 often signals a recession in the coming year. The Conference Board noted that reading has come in below 80 every month but one since February of 2022.