​As of April 29, 2025 U.S. CB Consumer Confidence

 

​As of April 29, 2025, the U.S. Conference Board's Consumer Confidence Index (CCI) fell sharply to 86, marking its lowest level since May 2020. This 7.9-point decline represents the fifth consecutive monthly drop, reflecting growing public anxiety over the economy .​

Key Highlights:

• Expectations Index: The Expectations Index, which gauges consumers' outlook for income, business, and employment over the next six months, plummeted to 54.4—the lowest in over 13 years. This level is well below the threshold that typically signals a forthcoming recession.

• Primary Concerns: The decline is largely attributed to widespread tariffs introduced by President Trump, including a 10% blanket tariff on imports and a 145% tariff on Chinese goods. These measures have heightened fears of rising prices and a potential recession among consumers.

• Impact on Spending: The downturn in confidence has led to reduced consumer spending intentions, with fewer plans to purchase homes, cars, or take overseas vacations. Dining out expenditures are also expected to decline.

• Demographic Effects: Higher-income households and middle-aged consumers (ages 35 to 55) have experienced the steepest declines in confidence, likely due to their greater exposure to financial markets and discretionary spending
  

Economists warn that if consumer confidence continues to erode, it could lead to decreased spending, thereby slowing economic growth. Upcoming reports on Q1 GDP and employment data will provide further insights into the economy's trajectory.