The Conference Board: Consumer Confidence Ticked Down Slightly in April

According to the April 26, 2022 updated press release from The Conference Board, the Consumer Confidence Index decreased slightly in April to 107.3 (1985=100), representing a reversal of the slight increase in March to 107.6. Similarly, the Present Situation Index lowered to 152.6 from 153.8 last month based on consumers’ assessment of current business and labor market conditions. In contrast, there was a higher level of optimism based on consumers’ short-term outlook for income, business, and labor market conditions, pushing the Expectations Index up slightly to 77.2 in April after the decline to 76.7 in March.