Consumer Confidence Falls to Three-Month Low

Consumer confidence fell in April to a three-month low, according to the Thomson Reuters/University of Michigan consumer sentiment index.

The month’s final index fell to a reading of 76.4, from 78.6 in March.

Economists had forecast a reading of 73.5, following a preliminary mid-month reading of 72.3, Bloomberg News reported.

The index averaged 64.2 during the recession that ended in June 2009 and 89 in the five years before the recession that began in December 2007.