Consumer confidence index shows marginal drop

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The Conference Board Consumer Confidence Index was virtually unchanged in April after a decline in March.

The index now stands at 69.2, down slightly from 69.5 in March. The Expectations Index declined to 81.1 from 82.5, and the Present Situation Index improved to 51.4 from 49.9 last month.

“Consumer Confidence was virtually unchanged in April, following a modest decline in March,” said Lynn Franco, director of The Conference Board Consumer Research Center: “As was the case last month, the slight dip was prompted by a moderation in consumers’ short-term outlook, while their assessment of current conditions continued to improve. Overall, consumers are more upbeat about the state of the economy, but they remain cautiously optimistic.”

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