28-Apr-2010 8:59 AM

US consumer confidence still increasing

US Consumer Confidence Index increased to 57.9 in Apr-2010, up from 52.3 in Mar-2010 (1985=100), according to The Conference Board. [more]

The Conference Board: "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 (Sep-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," Lynn Franco, Director, Consumer Research Center. Source: The Conference Board, 27-Apr-2010.

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