The figure for April fell to 50.8, slightly lower than the expected 53.8. The corresponding figure in March 2025 was 57.9, and 77.2 in April 2024, according to [University of Michigan](American consumers' confidence in the economy), which conducts the survey.
The decreased confidence in the economy is found in all groups, both in terms of age and income as well as party political affiliation, according to Joanne Hsu at University of Michigan.
Consumers report several warning signals that increase the risk of recession: expectations of business conditions, personal finance, income, inflation, and the labor market all continued to deteriorate this month, she says to CNBC.
Consumers' view of the economic development ahead is simultaneously bleak. Expectations of the annual inflation rate in one year are at 6.7 percent, the highest figure since 1981.
The American stock exchanges fell back after the April figures were published.
