With sentiment knocked by recession fears, the University of Michigan’s index of confidence fell to 63.2 for April from 69.5 in March.

This month’s figure is the lowest since March 1982, when the US economy was deep in an economic downturn.

It is just the latest study to show that US consumer confidence has fallen sharply in recent months.

The news hit the markets, with America’s main Dow Jones index ending Friday down 2%, while the Nasdaq gave up 2.6%.

Via BBC.co.uk