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CB Consumer Confidence at a four-month low

Tuesday, Apr 28 2015
The Conference Board Consumer Confidence Index, which had increased in March, declined in April. The Index now stands at 95.2, down from 101.4 in March. Analysts were forecasting incline to 102.6. The Present Situation Index decreased from 109.5 last month to 106.8 in April. The Expectations Index declined from 96.0 last month to 87.5 in April. 
 
“Consumer confidence, which had rebounded in March, gave back all of the gain and more in April,” said Lynn Franco, Director of Economic Indicators at The Conference Board. “This month’s retreat was prompted by a softening in current conditions, likely sparked by the recent lackluster performance of the labor market, and apprehension about the short-term outlook. The Present Situation Index declined for the third consecutive month. Coupled with waning expectations, there is little to suggest that economic momentum will pick up in the months ahead.”
 
Data did not have any major impact on the markets. Euro is currently being traded around 1.0970 area, Sterling is few points above 1.5320 level, while Aussie is at 0.7980 area.
More in this category: « UK GDP increased less than expected M3 increased to 4.6% in March »

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