Americans’ Confidence Slips But Remains Historically High

The latest monthly drop mostly reflected a decline in Americans’ views of current economic conditions

Americans’ confidence in the economy slipped this month but remains high compared with historical levels.

The University of Michigan said Friday its index of consumer sentiment dropped 2.6 points from a month earlier to a reading of 98.8 in April. Still, that figure was nearly 2 points above the level posted a year ago.

The latest monthly...