While the final April reading of 49.8 surpassed initial forecasts, the index still reflects a significant 3.5-point drop from March as inflation and economic uncertainty weigh on households.
Current Economic Conditions (CECI) fell for a second straight month to 52.5, its lowest level of the year.
Consumer Expectations (CEI) fell for a third straight month to 48.1, its lowest level in almost a year.
NVS/iStock via Getty Images
By Jennifer Nash
Consumer sentiment saw a late-month bump but remains at its lowest level on record. While the final April reading of 49.8 surpassed initial forecasts, the index still reflects a significant 3.5-point drop from March
