Conference board consumer confidence rose to 128.7 in April, up from 127.0. That’s also notably higher than expectation of a fall to 126.0.
Comments by Lynn Franco, Director of Economic Indicators at The Conference Board:
- “Consumer confidence increased moderately in April after a decline in March.
- “Consumers’ assessment of current conditions improved somewhat, with consumers rating both business and labor market conditions quite favorably.
- Consumers’ short-term expectations also improved, with the percent of consumers expecting their incomes to decline over the coming months reaching its lowest level since December 2000 (6.0 percent).
- Overall, confidence levels remain strong and suggest that the economy will continue expanding at a solid pace in the months ahead.”
Other data from US:
- New home sales rose to 694k annualized rate in March, up from 667k, beat expectation of 625k.
- S&P Case-Shiller 20 cities house price rose 6.8% yoy in February, above expectation of 6.3% yoy.
- House price index rose 0.6% mom in February, met expectation.
