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Consumer Confidence Jumps To 14-month High
(MarketWatch) - Consumer confidence leaped again in April to a 14-month high as rising vaccinations, falling coronavirus cases and a hiring surge eased pandemic-related anxieties.
The index of consumer confidence climbed to 121.7 this month from a revised 109 in the prior month, the Conference Board said Tuesday.
Economists polled by Dow Jones and the Wall Street Journal had forecast a 113 reading for April.
Part of the survey that tracks how consumers feel about the economy right now surged to a 13-month peak of 139.6 in April from 110.1 in the prior month.
"Consumers were more upbeat about their income prospects, perhaps due to the improving job market and the recent round of stimulus checks," said Lynn Franco, senior director of economic indicators at the nonprofit board.
The index of consumer confidence climbed to 121.7 this month from a revised 109 in the prior month, the Conference Board said Tuesday.
Economists polled by Dow Jones and the Wall Street Journal had forecast a 113 reading for April.
Part of the survey that tracks how consumers feel about the economy right now surged to a 13-month peak of 139.6 in April from 110.1 in the prior month.
"Consumers were more upbeat about their income prospects, perhaps due to the improving job market and the recent round of stimulus checks," said Lynn Franco, senior director of economic indicators at the nonprofit board.
