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U.S. Consumer Confidence Rebounds
Americans became more optimistic about the domestic economy and their own situations in April, according to the New York City-based Conference Board.
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Americans became more optimistic about the domestic economy and their own situations in April, according to the New York City-based Conference Board.
The board's Consumer Confidence Index jumped to 68.1 from 61.9 in March. A measure of future expectations also rose sharply. A gauge of present circumstances edged higher.
The Conference Board says consumers are taking a positive view of the economic outlook and their income prospects for the next six months. Their assessment of the labor market also brightened in April.
The research group notes that confidence is recovering from the challenges posed earlier this year by the U.S. fiscal crisis, payroll tax increase and across-the-board budget cuts. But the group says it is too soon to tell if optimism will continue to grow.
The Conference Board reading differs from the University of Michigan's consumer sentiment index, which slid from 78.6 in March to a three-month low of 76.4 in April.
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