United States Consumer Confidence

United States

United States: Consumer confidence drops in April

April 28, 2015

The Conference Board consumer confidence index dropped to 95.2 points in April from a revised 101.4 points in March (previously reported: 101.3 points). April’s result significantly contrasted the 103.0 points expected by the market and represented the largest monthly loss in a year and a half.

April’s decrease in confidence was driven by a deterioration in consumers’ expectations regarding business conditions over the next six months and a weaker outlook on the future of the job market. Consumers were also less upbeat about current economic conditions.

The director of the Board explained that, “this month’s retreat was prompted by a softening in current conditions, likely sparked by the recent lackluster performance of the labor market, and apprehension about the short-term outlook. Coupled with waning expectations, there is little to suggest that economic momentum will pick up in the months ahead.”

FocusEconomics Consensus Forecast panelists expect private consumption to grow 3.0% in 2015, which is up 0.1 percentage points from last month’s forecast. For 2016, the panel sees private consumption increasing 2.7%.

Author:, Economist

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United States Consumer Confidence Chart

USA Consumer Confidence April 2015

Note: Consumer Confidence Index.
Source: The Conference Board.

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