WASHINGTON (MarketWatch)
The U.S. consumer confidence index fell to 82.3 in April from a revised 83.9 in March, the Conference Board said
The upward revision in March put the index in that month at the highest level since January 2008
Still, the April reading fell short of Wall Street forecasts
Economists polled by MarketWatch had projected the index to rise to 83.3
In April, the present situation index, a measure of current conditions, dropped to 78.3 from 82.5, but the future expectations index was virtually unchanged at 84.9.
"[W]hile sentiment regarding current conditions may have slipped a bit, consumers do not foresee the economy, or the labor market, losing the momentum that has been building up over the past several months," said Lynn Franco, director of economic indicators at board
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