Indicators
US Consumer Confidence Dips to Lowest Since July as Outlook Dims
- Conference Board index fell in April, but current views rose
- Expectations remain below recessionary level, economist says
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US consumer confidence dropped this month to the lowest since July on more pessimistic views about the economic outlook, even as current conditions improved.
The Conference Board’s index decreased in April to 101.3 from 104 in March, data out Tuesday showed. The median forecast in a Bloomberg survey of economists called for a reading of 104.