Consumer Confidence Increases in April
Housing Wire: Financial News For The Mortgage Market
By Jon PriorConsumer confidence rose in April after losing ground the month before, according to the Conference Board survey conducted by the Nielsen Company.
The board’s index increased to 65.4 in April up from 63.8 in March. While the increase does mark an improvement, it makes up only a piece of last months’ fall from a 72 index score for February.
The latest data show consumer’s short-term outlook improved slightly this month, easing the uncertainty seen in March. Even expectations for inflation, which spiked last month, retreated in April.
“Although confidence remains weak, consumers’ assessment of current conditions gained ground for the seventh straight month, a sign that the economic recovery continues,” said Lynn Franco, director of the Conference Board consumer research center.
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