“The index came in at 120.3, lower than economists’ expectation of 122.5. It is also a decline from last month’s reading of 125.6. The index has seen a massive surge following the election of President Donald Trump, and March’s reading was the highest in 16 years for the index….”Looking ahead, consumers were somewhat less optimistic about the short-term outlook for business conditions, employment and income prospects. Despite April’s decline, consumers remain confident that the economy will continue to expand in the months ahead.”
(H/T: Business Insider)
