NEW YORK–Consumer confidence fell again in April, to its lowest point in over five years.
The Conference Board said this morning that the index, which is based on a monthly survey of 5,000 U.S. households, reflects the slowing of the economy, expectations of inflation, “lackluster business and job conditions,” and rising gasoline prices.
Lynn Franco, who heads consumer research for the Conference Board, said that consumers’ expectations for an improved economy and their own circumstances remain “quite pessimistic.”