"Consumer confidence, which had rebounded in March, gave back all of the gain and more in April," said Lynn Franco, director of economic indicators at the group.
"This month's retreat was prompted by a softening in current conditions, likely sparked by the recent lackluster performance of the labor market, and apprehension about the short-term outlook. The Present Situation Index declined for the third consecutive month. Coupled with waning expectations, there is little to suggest that economic momentum will pick up in the months ahead."
The monthly consumer confidence survey is conducted by Nielsen for The Conference Board.