US Consumer Demand still in limbo – down from March!

After a fairly strong upturn in March, the monthly CDI fell in April, from -11 last month to –23, significantly lower than April last year, when the monthly index stood at +28. The three-month moving average is slightly up, from -26 in March to -23 now, an indication that the “green shoots” and “glimmers of hope” that President Obama saw in mid April are, until further notice, on hold. With the demand for cars the only exception, all sub-indices are down from March to April.
 
Data for the April survey were collected from 22nd to 26th of April.