Consumer Confidence on the Decline: Numerator’s April Report Highlights Job Availability and Financial Sentiment Issues

According to Numerator’s April Consumer Confidence report, consumer confidence decreased in the last month. The April score of 56.9 was a slight decrease of 0.4 points compared to the previous month.

The report highlighted that job availability remained difficult for many consumers, with only two out of five stating that it is easy to find a job. On the other hand, 27% mentioned that it is hard or very hard to find a job. Additionally, the percentage of consumers who believe their financial situation is good decreased by one percentage point to 48%, while 17% stated that their financial condition is poor or very poor, an increase of 2% compared to the previous month.

Regarding spending habits, only 41% of consumers felt comfortable with discretionary spending, with approximately a third indicating that they were saving their spare cash (36.3%) or using it to pay off debts (32.9%). However, consumers are actively seeking ways to save money by using coupons and discount codes (43.7%), preparing meals at home (42.9%), and looking for products on sale (42.7%).

The April Financial Outlook Score dipped by 0.4 points to 50.5, indicating a neutral sentiment towards their finances. Despite this, consumers expressed caution about their financial future, with only 24% anticipating an improvement in their financial situation in a year, while 52% believed it would remain the same and 23% worried that it would worsen.

Overall, the April Consumer Confidence report highlights several areas where consumers feel less confident about their financial situation and spending habits compared to previous months.

In conclusion, consumer confidence decreased in the last month according to Numerator’s April Consumer Confidence report. Job availability remained difficult for many consumers as only two out of five stated that it was easy to find a job while almost one-third indicated that they were saving or paying off debts instead of spending on non-essential items such as discretionary spending.

Moreover, while only one-quarter anticipated an improvement in their financial situation in a year, half believed it would remain unchanged while one-fourth feared it would worsen.

Consumers are actively seeking ways to save money through various methods such as coupons and discount codes and preparing meals at home rather than eating out.

The Financial Outlook Score dipped by just over half a point from the previous month indicating neutral sentiment towards finances.