Arab Today, arab today us consumer confidence dives in april
Last Updated : GMT 23:12:04
Arab Today, arab today
Arab Today, arab today

US consumer confidence dives in April

Arab Today, arab today

Arab Today, arab today US consumer confidence dives in April

US consumers
Washington - AFP

US consumers grew decidedly less confident about the economy in April, seeing little to suggest growth will pick up in the coming months, the Conference Board said Tuesday.

The research firm's Consumer Confidence Index fell to 95.2 in April from 101.4 in March. The April number was the lowest reading since December.

Analysts on average had expected the index to rise to 102.2.

Lynn Franco, director of economic indicators at The Conference Board, said the index gave back all of the March gain "and more".

"This month's retreat was prompted by a softening in current conditions, likely sparked by the recent lackluster performance of the labor market, and apprehension about the short-term outlook," she said.

"Coupled with waning expectations, there is little to suggest that economic momentum will pick up in the months ahead."

The Present Situation sub-index declined for the third consecutive month, to 106.8 in April from 109.5 in March.

Most of the deterioration in confidence was related to the labor market. Early in April the government reported a sharp slowdown in jobs growth in March and cut the prior two months' numbers, dimming the picture for growth this year.

Looking ahead six months, the Expectations sub-index fell to 87.5 from March's rebound to 96.0, again led by jobs concerns.

More people expected fewer jobs and a decline in income. The number planning to buy automobiles, homes and major appliances, and to take vacations, fell.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us consumer confidence dives in april Arab Today, arab today us consumer confidence dives in april

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us consumer confidence dives in april Arab Today, arab today us consumer confidence dives in april

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday