The US Conference Board Consumer Confidence Index, which
had decreased in March, improved in April. The Index now stands at 65.4
(1985=100), up from 63.8 in March. The Present Situation Index increased to 39.6
from 37.5. The Expectations Index rose to 82.6 from 81.3.
The monthly Consumer Confidence Survey, based on a probability-design random
sample, is conducted for The Conference Board by the Nielsen Company, a
global provider of information and analytics around what consumers buy and
watch. The cutoff date for April’s preliminary results was April 14, 2011.
Says Lynn Franco, Director of the Conference Board Consumer Research Center:
“Consumer confidence, which had declined sharply in March, posted a modest
gain in April.
Consumers’ short-term outlook improved slightly, suggesting that
the uncertainty expressed last month is easing. Inflation expectations, which
had spiked, retreated somewhat 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.”
Consumers’ appraisal of present-day conditions, although mixed, improved in
April. Those stating conditions are “good” decreased slightly to 14.85
from 15.05. Those stating business conditions are “bad” also declined
slightly to 36.45 from 36.65. Consumers’ assessment of the labor
market was more favorable than last month. Those saying jobs are “hard to get”
declined to 41.85 from 44.45, while those stating jobs are
“plentiful” increased to 5.25 from 4.65.
Consumers’ short-term outlook, which had soured in March, improved moderately
in April. While those expecting business conditions to improve over the next six
months declined to 18.85 from 20.85, those anticipating business
conditions to worsen decreased to 14.25 from 15.55.
mixed about the labour market outlook for the next six months. Those expecting
more jobs in the months ahead declined to 17.55 from 19.65, while
those anticipating fewer jobs declined to 19.05 from 20.55. The
proportion of consumers expecting an increase in their incomes improved to 16.75 from 15.25.