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SFY - Consumer Optimism Continued To Plunge In April
SoFi Select 500
By Robert Hughes
The Consumer Confidence Index from The Conference Board fell sharply again in April, dropping 31.9 points to 86.9, the lowest level since June 2014. The index is constructed so that it equals 100 in 1985 (see top chart).
The drop was driven by the present situation component. The present situation component fell to 76.4 from 166.7, the lowest since December 2013 (see top chart again). The April drop of 90 points is the largest on record. The expectations component gained 7 points to 93.8 from 86.8 in the prior month.