Economics
Consumer Confidence in U.S. Fell More Than Forecast in April
- Conference Board gauge falls on worries about economic outlook
- Americans' expectations weaken to a more than two-year low
U.S. Consumer Confidence Falls to 94.2 in April
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Consumer confidence retreated more than forecast in April as Americans’ optimism about the outlook for the economy and employment waned.
The Conference Board’s sentiment index fell to 94.2 this month from a revised 96.1 reading in March, the New York-based private research group said Tuesday. The median forecast in a Bloomberg survey called for a decrease to 95.8. A measure of consumers’ expectations decreased to a more than two-year low.