Conference Board Confidence Index up in April; recent slump “may be abating”

26 April 2022

 

Summary: Conference Board Consumer Confidence Index deteriorates in April; lower than consensus expectations; view of present conditions deteriorate, short-term outlook improves; Present Situation Index  “remains quite high”, implies US economy will continue expansion in June quarter; “recent slump in confidence may be abating”. After the GFC in 2008/09, US consumer confidence clawed its way back to neutral over a number of years and then went from strength to strength until...

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