The US users confidence in almost 5 years in April comes to the lowest level
A. Consumer faith Of USA Increasing concerns about tariffs have fell to the lowest in almost five years in April, as weighing on financial perspectives.
The lowest reading from May 2020 has fallen to 86.0 this month, the Conference Board said on Tuesday (29). Reuters contacted economists are expected to fall to 87.5.
Based on consumer evaluation on the current business and labor market conditions, the current situation index has reduced to 133.5 points.
Based on consumer short -term perspectives in revenue, business and labor market conditions, the expectation indicator has reduced 12.5 points to 54.4 – a lower level from October 2011 and a lower depression on a lower limit.
“In April, consumer confidence has declined for the fifth consumer confidence and fell from the beginning of Kovid to a unseen level,” said Stephanie Guwaichar, a senior economist of the Global Conference Board.
The government should report on Wednesday that the economic growth has suffered a strong decline amidst the increase in imports in the first quarter, as companies have competed to bring goods to prevent high taxes from taxes.
Consumer costs are also likely to decline significantly, and concerns about high inflation, as well as the impact of financial tariffs, leading to reducing the use of some families to protect their economies.
Gross domestic product rose to 0.3% in the quarter from January to March, which is weak from the second quarter of 2022, according to a Reuters Survey.
The professor said there was a structural problem in the global economy
