Mumbai, April 30 -- Largely reflecting a significant deterioration by consumer expectations, the Conference Board released a report on Tuesday showing its U.S. consumer confidence index slumped by more than expected in the month of April.
The Conference Board said its consumer confidence index plunged to 86.0 in April from an upwardly revised 93.9 in March.
The bigger than expected decrease by the headline index came as the expectations index plummeted to 54.4 in April from 66.9 in March, hitting its lowest level since October 2011.
The report showed a more modest decrease by the present situation index, which edged down to 133.5 in April from 134.4 in March.
Published by HT Digital Content Services with permission from Capital Market....