US consumers still confident in April, but slightly less so
April 27, 2022
WASHINGTON (AP) — U.S. consumer confidence dampened slightly in April but remains high even as inflation continues to cloud their optimism about the rest of the year.
The Conference Board said Tuesday that its consumer confidence index — which takes into account consumers' assessment of current conditions and their outlook for the future — edged down to 107.3 in April, from 107.6 in March.
The business research group's present situation index, which measures consumers' assessment of current business and labor conditions, also dipped modestly this month to 152.6 from 153.8 in March.