The Conference Board’s Consumer Confidence Index, which had declined in March, lost more ground in April. The Index now stands at 97.7 (1985=100), down from 103 in March. The Present Situation Index declined to113.6 from 117. The Expectations Index declined to 87.2 from 93.7.

“Less robust current conditions and a more cautious outlook have consumers feeling less confident in April than in March,” said Lynn Franco, director of The Conference Board’s Consumer Research Center. “Despite the decline, the Present Situation Index remains at levels indicative of a healthy economy. However, the Expectations Index is now at its lowest level since July 2003 when it registered 86.3. Looking ahead, consumers do not anticipate an improvement in economic growth nor in their incomes. And, they expect an even tighter job market over the summer months.”

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