April’s decline in consumer confidence reflects particular deterioration in expectations for consumers under 55 years of age and for households earning $50,000 and over.” They also expect fewer jobs to be available over the short term. Compared to last month, fewer households expect business conditions to improve and more expect worsening of conditions in the next six months. “Consumers became more pessimistic about the outlook for both business conditions and labor markets. “While consumers’ relatively favorable assessment of the current business environment improved somewhat in April, their expectations fell and remain below the level which often signals a recession looming in the short-term,” said Ataman Ozyildirim, Senior Director, Economics at The Conference Board. The survey was fielded from April 3-about three weeks after the bank failures in the United States-to April 19. The Expectations Index has now remained below 80-the level associated with a recession within the next year-every month since February 2022, with the exception of a brief uptick in December 2022. The Expectations Index-based on consumers’ short-term outlook for income, business, and labor market conditions-fell to 68.1 (1985=100) from 74.0. The Present Situation Index-based on consumers’ assessment of current business and labor market conditions-increased to 151.1 (1985=100) from 148.9 last month.
The Conference Board Consumer Confidence Index® fell in April to 101.3 (1985=100), down from 104.0 in March. Updated: Tuesday, ApUS Consumer Confidence Declined in April Data are available by age, income, 9 regions, and top 8 states. This monthly report details consumer attitudes, buying intentions, vacation plans, and consumer expectations for inflation, stock prices, and interest rates. The Consumer Confidence Survey® reflects prevailing business conditions and likely developments for the months ahead. Human Capital Benchmarking & Data Analytics.Diversity, Equity and Inclusion Conference.2023 Change, Transformation & Organization Design Conference.The HDRO provides other composite indices as broader proxy on some of the key issues of human development, inequality, gender disparity and poverty.Ī fuller picture of a country's level of human development requires analysis of other indicators and information presented in the HDR statistical annex. It does not reflect on inequalities, poverty, human security, empowerment, etc. The HDI simplifies and captures only part of what human development entails. These contrasts can stimulate debate about government policy priorities. The HDI can be used to question national policy choices, asking how two countries with the same level of GNI per capita can end up with different human development outcomes. Refer to Technical notes for more details. The scores for the three HDI dimension indices are then aggregated into a composite index using geometric mean. The HDI uses the logarithm of income, to reflect the diminishing importance of income with increasing GNI. The standard of living dimension is measured by gross national income per capita. The health dimension is assessed by life expectancy at birth, the education dimension is measured by mean of years of schooling for adults aged 25 years and more and expected years of schooling for children of school entering age. The HDI is the geometric mean of normalized indices for each of the three dimensions. The Human Development Index (HDI) is a summary measure of average achievement in key dimensions of human development: a long and healthy life, being knowledgeable and having a decent standard of living.
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