US consumer confidence dropped to 86.9, record drop in present situation

<p>Conference Board US consumer confidence dropped to 86.9 in April, down from 118.8, below expectation of 90.1. Present situation index dropped from 166.7 to 76.4. Expectations index, however, improved from 86.8 to 93.8. “Consumer confidence weakened significantly in April, driven by a severe deterioration in current conditions,” said Lynn Franco, Senior Director of Economic Indicators […]</p>
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