TechFlow, April 29 — According to Jinshi Data, the U.S. Conference Board Consumer Confidence Index fell to its lowest level in nearly five years in April, as growing concerns over tariffs weighed on the economic outlook. The Conference Board reported that the index dropped 7.9 points to 86.0 in April, the weakest reading since May 2020. Stephanie Guichard, Senior Economist for Global Indicators at The Conference Board, said: "Consumer confidence declined for the fifth consecutive month in April, reaching its lowest level since the outbreak of the pandemic." Tomorrow's GDP data is expected to show a significant slowdown in first-quarter economic growth, driven by a surge in imports as businesses rushed to bring in goods to avoid rising costs from tariffs. Consumer spending may also slow sharply, held back by persistently high inflation and concerns about the economic impact of tariffs, prompting some households to cut back on spending to preserve savings.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / [email protected] ICP License: 琼ICP备2022009338号
