OK, maybe the sky really is falling

At least the US Consumer Confidence Index is—does that make it so?

April 27, 2023

Jon Peddie

Source Consumer Confidence BoardThe Conference Board Consumer Confidence Index fell to 101.3 in April from 104.0 in March, with the Expectations Index taking a hit and remaining below the recession-indicator level of 80, except for one month. Consumers’ assessment of the current business and labor market conditions slightly improved, but their expectations for the short-term outlook deteriorated, especially for those under 55 years of age and households earning over $50,000. The monthly survey shows that consumers became more pessimistic about business and labor market conditions, while their short-term income prospects were somewhat more favorable. Consumer spending, which is the largest

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OK, maybe the sky really is falling

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