The private research group the Conference Board reports consumers are more worried about the economy as well as the outlook for the future. As the Wall Street Journal tells rvbusiness, its index of consumer confidence dropped to 95.2 in April, from 101.4 in March. Consumers’ assessment of current economic conditions dropped from 109.5 to 106.8. Consumer expectations for the next six months fell nearly nine percent, from 96.0 down to 87.5, MHProNews has learned.
Lynn Franco, director of economic indicators at the board, said, “Consumer confidence, which had rebounded in March, gave back all of the gain and more in April. Coupled with waning expectations, there is little to suggest that economic momentum will pick up in the months ahead.” ##
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Article submitted by Matthew J. Silver to Daily Business News-MHProNews.