US Consumer Confidence Slumps to an Almost Five-Year Low

US consumer confidence fell in April to an almost five-year low on growing pessimism about prospects for the economy and labor market due to tariffs.

The Conference Board’s gauge of confidence decreased nearly 8 points to 86, the weakest since May 2020, data released Tuesday showed. It marked the fifth straight monthly decline, the longest such stretch since 2008. The median estimate in a Bloomberg survey of economists called for a reading of 88.

A measure of consumer expectations for the next six months plunged to the lowest level since 2011, while a gauge of present conditions also fell.

The ...