Mexican Media Brands
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.
#economics
Share
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.
RELATED CONTENT
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
on the Genesis GV60 interior, EV sales in H1, Bentley Bentayga's wood work, Faurecia's advanced manufacturing & more
The strange glowing orb in the Genesis GV60. . .global EV sales in the first half. . .creating wood for the Bentayga interior. . .the importance of material handling at Faurecia. . .lux ATPs. . .fast Porsche. . .fast Lambo. . .the Avalon Hybrid. . .Silverado steel. . .
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.