New York -- Consumer confidence dropped in April to a three-month low amid discouraging economic indicators, according to the Thomson Reuters/University of Michigan Survey of Consumers.
The index fell 2.8% in April to 76.4 from 78.6 a month earlier. The median projection in a Bloomberg survey was 73.5 after a preliminary April reading of 72.3.
The Michigan survey’s current conditions index, which measures Americans’ view of their personal finances, fell to 89.9 in April from 90.7 last month.
The index of expectations six months from now dropped to 67.8 this month from 70.8 in March.