Consumer Confidence Decline in April

SOURCE www.marketwatch.com
Consumer confidence fell in April to a 21-month low due to high food and gas prices and concerns about the jobs market. Despite the economy showing signs of improvement, consumers are worried about inflation and high interest rates.

Key Points

  • Consumer confidence index fell to 97.0 in April
  • Concerns about high food and gas prices
  • Expectations index signals a possible recession

Pros

  • Economy showing signs of improvement
  • Awareness of consumer concerns

Cons

  • Consumer confidence at a 21-month low
  • Worries about high inflation and interest rates