Consumer confidence up for April

Published online: Apr 29, 2009 News
Viewed 299 time(s)

Consumers are feeling much more optimistic about the economy than they were just two months ago, according to the Consumer Confidence Index released today by The Conference Board.

The index had been hovering near historic lows since September and in February fell to its lowest level since its 1967 inception. The index posted a slight increase in March and improved considerably in April, according to today's report.

The index now stands at 39.2, up from 26.9 in March. The Present Situation Index increased to 23.7 from 21.9 last month. The Expectations Index rose to 49.5 from 30.2 in March.

"Consumer confidence rose in April to its highest reading in 2009, driven primarily by a significant improvement in the short-term outlook," said Lynn Franco, director of The Conference Board Consumer Research Center, in a statement.

"The Present Situation Index posted a moderate gain, a sign that conditions have not deteriorated further, and may even moderately improve, in the second quarter," Franco continued. "The sharp increase in the Expectations Index suggests that consumers believe the economy is nearing a bottom. However, this index still remains well below levels associated with strong economic growth."

You May Also Be Interested In...

April 22, 2015

"Deck Out Dad" With West Marine's Newest Contest!

Great news, houseboaters—West Marine is launching another social media contest for one lucky dad out there to win a $500 Waterlife Makeover!
April 15, 2015

Houseboat Travels To Puerto Rico For New Christian Bale Movie

A 1960s River Queen houseboat is making the exciting trip to Puerto Rico to take part in a 20th Century Fox film called "The Deep Blue Good-by," starring Christian Bale.
April 08, 2015

A Beautiful And Tragic Show Of Love

In a brave display of courage and love, 74-year-old Everett McGowin dove into the swift, cold waters of the Fraser River near Vancouver, Canada, in an effort to save his wife...
April 03, 2015

66 Days At Sea

After being lost at seafor 66 days, Louis Jordan has been rescued 200 miles off the coast of South Carolina.
April 01, 2015

California Fishing-License Purchases Are Dropping

If fishing is your game, you might want to take the luring call of California lakes with a grain of salt.
Follow us on Facebook!   Follow us on Instagram!   Follow us on Pinterest!   Follow us on YouTube!