2010-04-27 14:00:53.97 GMT
April 27 (Bloomberg) -- Following is the text of
U.S. consumer confidence from the Conference Board.
The Conference Board Consumer Confidence Index®, which had
rebounded in March, increased further in April. The Index now
stands at 57.9 (1985=100), up from 52.3 in March. The Present
Situation Index increased to 28.6 from 25.2. The Expectations
Index improved to 77.4 from 70.4.
The Consumer Confidence Survey® is based on a representative
sample of 5,000 U.S. households. The monthly survey is
conducted for The Conference Board by TNS. TNS is the world's
largest custom research company. The cutoff date for April's
preliminary results was April 20th.
Says Lynn Franco, Director of The Conference Board Consumer
Research Center: "Consumer confidence, which had rebounded in
March, gained further ground in April. The Index is now at its
highest reading in about a year and a half (Sept. 2008, 61.4).
Consumers' concerns about current business and labor market
conditions eased again. And, their outlook regarding business
conditions and the labor market was also more positive than
last month. Looking ahead, continued job growth will be key
in sustaining positive momentum."
Consumers' appraisal of present-day conditions was more
positive in April. Those claiming conditions are "good"
increased to 9.1 percent from 8.5 percent, while those
claiming business conditions are "bad" declined to 40.2
percent from 42.1 percent. Consumers' appraisal of the labor
market also improved. Those saying jobs are "plentiful"
increased to 4.8 percent from 4.0 percent, while those saying
jobs are "hard to get" decreased to 45.0 percent from 46.3
percent.
Consumers' outlook was also brighter in April. The percentage
of consumers expecting business conditions will improve over
the next six months increased to 19.8 percent from 18.0 percent,
while those expecting conditions will worsen declined to 12.6
percent from 13.6 percent.
Consumers were also more optimistic about the job outlook. The
percentage of consumers anticipating more jobs in the months
ahead increased to 18.0 percent from 14.1 percent, while those
anticipating fewer jobs declined to 20.0 percent from 21.4
percent. The proportion of consumers anticipating an increase
in their incomes declined to 10.3 from 10.8 percent.
The next release is scheduled for Tuesday, May 25, at 10:00
AM ET.
SOURCE: The Conference Board
http://www.conference-board.org
--Editor: Alex Tanzi
To contact the reporter on this story:
Alex Tanzi in Washington at +1-202-624-1959 or
atanzi@bloomberg.net
To contact the editor responsible for this story:
Marco Babic at +65 6212-1886 or mbabic@bloomberg.net
April 27 (Bloomberg) -- Following is the text of
U.S. consumer confidence from the Conference Board.
The Conference Board Consumer Confidence Index®, which had
rebounded in March, increased further in April. The Index now
stands at 57.9 (1985=100), up from 52.3 in March. The Present
Situation Index increased to 28.6 from 25.2. The Expectations
Index improved to 77.4 from 70.4.
The Consumer Confidence Survey® is based on a representative
sample of 5,000 U.S. households. The monthly survey is
conducted for The Conference Board by TNS. TNS is the world's
largest custom research company. The cutoff date for April's
preliminary results was April 20th.
Says Lynn Franco, Director of The Conference Board Consumer
Research Center: "Consumer confidence, which had rebounded in
March, gained further ground in April. The Index is now at its
highest reading in about a year and a half (Sept. 2008, 61.4).
Consumers' concerns about current business and labor market
conditions eased again. And, their outlook regarding business
conditions and the labor market was also more positive than
last month. Looking ahead, continued job growth will be key
in sustaining positive momentum."
Consumers' appraisal of present-day conditions was more
positive in April. Those claiming conditions are "good"
increased to 9.1 percent from 8.5 percent, while those
claiming business conditions are "bad" declined to 40.2
percent from 42.1 percent. Consumers' appraisal of the labor
market also improved. Those saying jobs are "plentiful"
increased to 4.8 percent from 4.0 percent, while those saying
jobs are "hard to get" decreased to 45.0 percent from 46.3
percent.
Consumers' outlook was also brighter in April. The percentage
of consumers expecting business conditions will improve over
the next six months increased to 19.8 percent from 18.0 percent,
while those expecting conditions will worsen declined to 12.6
percent from 13.6 percent.
Consumers were also more optimistic about the job outlook. The
percentage of consumers anticipating more jobs in the months
ahead increased to 18.0 percent from 14.1 percent, while those
anticipating fewer jobs declined to 20.0 percent from 21.4
percent. The proportion of consumers anticipating an increase
in their incomes declined to 10.3 from 10.8 percent.
The next release is scheduled for Tuesday, May 25, at 10:00
AM ET.
SOURCE: The Conference Board
http://www.conference-board.org
--Editor: Alex Tanzi
To contact the reporter on this story:
Alex Tanzi in Washington at +1-202-624-1959 or
atanzi@bloomberg.net
To contact the editor responsible for this story:
Marco Babic at +65 6212-1886 or mbabic@bloomberg.net
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