U.S. consumer confidence slumps to six-year low over COVID-19 outbreak

U.S. consumer confidence tumbled to near a six-year low in April as tough measures to curb the spread of the novel coronavirus sharply disrupted economic activity and threw millions of Americans out of work.

The Conference Board said its consumer confidence index dropped to a reading of 86.9 this month, the lowest since June 2014, from 118.8 in March. Economists polled by Reuters had forecast the index would fall to 87.9 in April.

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