Last Update: 21-May-15 17:40 ET
- The Conference Board’s Consumer Confidence Index declined to 95.2 in April from an upwardly revised 101.4 (from 101.3) in March. The Briefing.com Consensus expected the Consumer Confidence Index to increase to 102.2.
- That was the lowest confidence reading since December 2014.
- The Expectations Index fell to 87.5 in April from 96.0 in March. That is the lowest level since September 2014. The Present Conditions Index dropped to 106.8 in April from 109.5 in March.
- Relatively higher gasoline prices in April and a volatile stock market offset continued improvements in labor market conditions.
- The decline in confidence is unlikely to have much of an impact on consumption trends. Consumption growth relies on income growth. As long as income gains continue, consumption should closely follow.
- Consumer sentiment has little influence on consumption. As long as payroll levels continue to expand, the resulting income growth should keep consumption gains steady regardless of the monthly ebbs and flows in sentiment.
|Employment ('plentiful' less 'hard to get')
|1 yr inflation expectations