U. S. consumer confidence fell in April, as inflation expectations rose, consumers' personal finances and economySecondhandpinballmachinesforsaleThe view is more negative.
The final consumer confidence index of the University of Michigan fell to 77 in April, according to data released on Friday.Secondhandpinballmachinesforsale.2, 79 in MarchSecondhandpinballmachinesforsale. 4 . The median estimate of the economists surveyed remained unchanged at 77.9.
Americans expect prices to rise 3.2% in the coming year, the highest level since November and higher than the 2.9% expected in March. They expect inflation to be 3% over the next five to ten years, the highest level in five months.
These data highlightSecondhandpinballmachinesforsaleStubborn price pressure and high borrowing costs put a heavy burden on consumers. Meanwhile, another piece of data on Friday showed that residents continued to spend despite steady wage growth.
Joanne Hsu, head of the survey, said in a statement that while "consumers are increasingly frustrated with high prices in daily spending decisions this month, concerns about large purchases-durable goods, cars and housing-are little changed from last month."
About 38% of consumers say high prices have lowered their living standards, up from 33% last month.
Consumer perceptions of the current financial situation and the economic outlook for the coming year fell to a four-month low.
The current situation index dropped from 82.5 to 79. The expected indicator fell to 76 from 77.4.
