Consumer confidence in the U.S. deteriorated significantly in the month of April, according to a report released by the Conference Board on Tuesday, although the report also showed an improvement in consumer expectations.
The Conference Board said its consumer confidence index plunged to 86.9 in April after tumbling to a downwardly revised 118.8 in March. Economists had expected the index to plummet to 90.0 from the 120.0 originally reported for the previous month.
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