United States Consumer Confidence April 2022

United States

United States: Consumer confidence eases but remains in positive territory in April

April 26, 2022

Consumer confidence came in at 107.3 in April, down from March's 107.6. Consequently, the index remained above the 100-threshold, signaling sustained optimism among consumers.

The fall came on the back of a deterioration in consumers' views of the present economic situation. In contrast, consumers' views of their future situation picked up.

Lynn Franco, senior director of economic indicators at The Conference Board, said:

“Purchasing intentions are down overall from recent levels as interest rates have begun rising. Meanwhile, concerns about inflation retreated from an all-time high in March but remained elevated. Looking ahead, inflation and the war in Ukraine will continue to pose downside risks to confidence and may further curb consumer spending this year.”

FocusEconomics Consensus Forecast panelists see private consumption growing 3.3% in 2022, which is down 0.3 percentage points from last month’s forecast. For 2023, the panel sees private consumption increasing 2.4%.


Author:

Sample Report

Looking for forecasts related to Consumer Confidence in United States? Download a sample report now.

Download

United States Consumer Confidence Chart


United States Consumer Confidence April 2022

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


United States Economic News

More news

Search form