Consumer confidence index plummets
Published April 25, 2008 by CSBJ Staff
U.S. consumer confidence fell in April to a 26-year low.
The Reuters/University of Michigan sentiment index decreased to 62.6, from 69.5 the previous month. The measure was down from a preliminary estimate of 63.2 issued on April 11.
The index of consumer expectations for six months from now, which more closely projects the direction of consumer spending, dropped to 53.3 from 60.1 last month, also a 26-year low.
Filed under CSBJ Daily, Economics