Consumer Confidence Slides for Fifth Straight Month

Consumer Confidence Slides for Fifth Straight Month

Consumer assurance fell much than expected successful April arsenic economical uncertainty clouds Americans’ outlook for the future.

The Conference Board’s user assurance scale ticked down to 86 from March’s revised speechmaking of 93.9, marking the 5th consecutive period of declines. Economists polled by FactSet were expecting the scale to autumn to a speechmaking of 88.

The expectations index, which measures consumers' short-term outlook for the economy, plunged 12.5 points to a speechmaking of 54.4, the lowest level since October 2011. The stock of consumers expecting less jobs successful the adjacent six months–32.1%–was astir arsenic precocious arsenic successful April 2009, said Stephanie Guichard, elder economist of planetary indicators astatine The Conference Board.