In April, the Conference Board consumer confidence index dropped to 69.2 points from the revised 69.5 points recorded in March (previously reported: 70.2 points). The figure contrasted market expectations, which had anticipated the index stepping up to 69.7 points. Despite the decline, at the current level consumer confidence stands 3.2 points above the level recorded in the same month a year ago. According to the Conference Board, the slight dip was prompted by a moderation in consumers' short-term outlook, while their assessment of current conditions continued to improve, while adding that overall, consumers are more upbeat about the state of the economy, but they remain cautiously optimistic
United States Consumer Confidence
Consumer confidence inches down in April
April 24, 2012
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Note: Consumer Confidence Index.
Source: The Conference Board.
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