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- U.S. consumer confidence improves in April
U.S. consumer confidence improves in April
The Conference Board announced on Tuesday its U.S. consumer confidence gauge rose 5.0 points to 129.2 in April from 124.2 in March.
Economists had expected consumer confidence to come in at 126.0.
March’s consumer confidence reading was revised up from originally estimated 124.1.
The survey showed that the expectations index increased from 98.3 last month to 103.0 this month, while the present situation index rose from 163.0 to 168.3.
Lynn Franco, Senior Director of Economic Indicators at The Conference Board, noted, “Consumer Confidence partially rebounded in April, following March’s decline, but still remains below levels seen last Fall. The Present Situation Index, which had decreased sharply last month, improved in April, as did consumers’ short-term outlook. Overall, consumers expect the economy to continue growing at a solid pace into the summer months. These strong confidence levels should continue to support consumer spending in the near-term.”
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