Consumer confidence dipped slightly in April 2022 following an increase in March as worries about inflation and the Russia–Ukraine war continued to weigh the economy down, according to a survey conducted by The Conference Board.
The Consumer Confidence Index in April was at 107.3, down from 107.6 in March, an April 26 press release stated. The Present Situation Index, which measures consumers’ assessment of the present business and labor market conditions, fell from 153.8 to 152.6 during this period. The Expectations Index, which measures consumers’ short-term outlook on business, labor, and income, moved up from 76.7 to 77.2.
Though the Present Situation Index declined, it still remains “quite high,” suggesting that the economy continued its expansion in the second quarter, said Lynn Franco, The Conference Board’s senior director of economic indicators, in the press release.
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