The Conference Board, a private research chanel bags group, said on Tuesday that its Consumer Confidence Index is at 69.2, down slightly from a revised 69.5 in March. Economists were expecting a reading of 70, according to a FactSet poll. The current level is below February's 71.6, which is the highest the index has been in about a year.

Consumer confidence is widely watched because consumer Fake Chanel Wallets spending accounts for 70 percent of economic activity, including major items like health care. The current level is significantly below the reading of 90 that indicates a healthy economy. But the 45-year-old index is well above its all-time low of 25.3, reached in February 2009.