slight drop in consumer confidence

(CercleFinance.com) – US consumer confidence deteriorated slightly in April, shows the Conference Board’s monthly survey published on Tuesday.

The confidence index compiled by the employers’ organization fell to 107.3 this month after 107.6 in March, while economists forecast a more marked decline, around 106 points.

The sub-index measuring consumers’ judgment of their current situation fell to 152.6 from 153.8 in March, while that of their expectations rose to 77.2 from 76.7 last month.

For Lynn Franco, director of economic research at the Conference Board, these figures suggest a continuation of economic expansion in the second quarter.

It notes that household expectations have not deteriorated further despite the rise in prices, notably of gasoline, and the war in Ukraine.

And while American households have somewhat moderated their vacation plans, their purchase intentions for goods such as vehicles or household appliances have rebounded slightly, she adds.

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