WASHINGTON (MarketWatch) — Consumer confidence recovered somewhat in April, though the impact of a spike in gasoline prices is still evident, according to data released Tuesday by the Conference Board.
The confidence index hit 65.4 in April, compared with an upwardly revised 63.8 in March. That’s still below the 72.0 reading of February, as gasoline prices nationally have approached $4 per gallon.
The increase came as consumers’ 12-month inflation expectations declined to 6.3% in April from 6.7% in March. In addition, consumer views about the present situation improved.
Tuesday, April 26, 2011
What on Heaven or Earth could possibly make people feel "more" confident
Posted by traderrob at 8:29 AM