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‘Claman Countdown’ panelists discuss Gary Kaltbaum and Jeff Sica, retail and consumer feelings.
Consumer confidence Like concerns about tariffs and trade uncertainty, it fell to the lowest level in the lowest level for about five years.
Conference Council, Tuesday, in April, the consumer confidence in April 7.9 points on April 7, 86 points, which was the lowest reading of 20 mest. Economists questioned by Reuters predicted that the index will slide 87.5.
Expectations index based on the short-term worldview for consumers’ income, Terms of Business and Labor MarketSince October 2011, he has decreased by 12.5 points from the lowest level, and since the 80s, usually below the 80s. The current situation index fell by 0.9 points to estimates the assessment of consumers’ current business and labor market conditions, 133.5.
“Consumer confidence in April, a fifth month in a row, falls into unprecedented levels since the start of the covig pandemology,” said Stephanie Guichard, a great economist, global indicators in the conference council.
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The Consumer Confidence Index of the Conference Council landed to the lowest level in five years. (Reuters // Eduardo Munoz / Reuters)
“The winner was managed mainly by the expectations of consumers. Three waiting components – business conditions, employment prospects and future revenues – all the worse, reflect the pervasive pessim in the future,” he said. “Especially the share of consumers in the next six months (32.1%) was as high as in the middle of the great decline in April 2009.”
Guichard added that “average 12 months Inflation expectations In April, since November 2022, the United States has reached 7% if the United States has experienced high inflation. “
Expected assessments of consumer families financial status The question has first landed in 2022 to the lowest level.
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Consumers were pointed out by the increase in higher inflation expectations and the chances of decay. (Allen J. Schaben / Los Angeles Times Getty Images / through Getty Images)
In addition, accepted The probability of the US decline In the next 12 months, in April, in December and January, increased by about 65%.
Consumer Trust report is expected to show the government’s report on Wednesday’s economic growth and indicate the sharp slowdown in the first quarter of enterprises Higher expenses due to tariffs.
In the first quarter, in the first quarter of the second quarter of 2022 in the first quarter in the first quarter in January-March, the first quarter increased by 0.3%.
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Risks bent on the negative, with Atlanta Federal Reserve After regulating for import and gold exports, the 0.4% of GDP forecasting. The economy grew in the pace of 2.4% in the fourth quarter.
Reuters contributed to this report.
