The RealClearMarkets/TIPP Economic Optimism Index, a key gauge of consumer sentiment, declined from 49.8 in March to 49.1 in April, representing a 1.4% decrease. After hitting a 40-month high of 54.0 in December, the index eased to 51.9 in January and 52.0 in February before falling below the 50.0 threshold in March. April's reading of 49.1 marks the second consecutive month in pessimistic territory. Since President Trump’s re-election in November 2024, the index had remained in optimistic territory until February.
April’s reading of 49.1 is 0.1% lower than its historical average of 49.2.
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