WASHINGTON — U.S. consumer confidence fell in April over concerns about hiring and business conditions, even though many people foresee a strengthening economy in the months ahead.
The Conference Board said Tuesday that its confidence index dropped to 82.3 from a March reading of 83.9. Despite the decline, consumer sentiment for the past two months has been at its strongest levels since January 2008, when the Great Recession was just beginning.
Concerns about the state of the economy fell for the first time since October’s partial federal government shutdown.
Consumer spending accounts for about 70 percent of the U.S. economy.