Unexpected deterioration in U.S. consumer confidence
Contrary to the expected rise, the consumer confidence index of the University of Michigan shows decline: standing on a value of 69.5 points in April, compared to the previously predicted 75 points.
The index decreased to its five-month nadir which is a bad news, after analysts predicted 75 points after the 73.6 points of February.
While consumers feel positive about the overall prospects for the U.S. economy, but they paint a negative picture on their own future income and the labor market – explained Richard Curtin, the leader of the survey – reports portfolio.hu.
Related news
Related news
In June, the annual decline in producer prices slowed down in Germany
In Germany, producer prices fell by 1.6 percent year-on-year in…
Read more >Rural accommodations closed a stronger half year than last year
The momentum of tourism in 2023 will continue to make…
Read more >Munch is now available in every Auchan store
From the beginning of May you can get the three…
Read more >