The Consumer Confidence Index slumped to 86.9 in April from 118.8 in March (revised from 120), The Conference Board’s (CB) monthly data showed on Tuesday.
Further details of the publication revealed that the Present Situation Index plunged to 76.4 from 166.7, Expectations Index rose to 93.8 from 86.8 and Jobs Hard-to-Get Index increased to 33.6 from 13.8.