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CB Consumer Confidence declined to 94.2

Tuesday, Apr 26 2016
The Conference Board Consumer Confidence Index, which had increased in March, declined moderately in April. The Index now stands at 94.2, down from 96.1 in March. The Present Situation Index increased from 114.9 to 116.4, while the Expectations Index decreased from 83.6 to 79.3 in April. “Consumer confidence continued on its sideways path, posting a slight decline in April, following a modest gain in March,” said Lynn Franco, Director of Economic Indicators at The Conference Board. 
“Consumers’ assessment of current conditions improved, suggesting no slowing in economic growth. However, their expectations regarding the short-term have moderated, suggesting they do not foresee any pickup in momentum.” Consumers’ appraisal of current conditions improved somewhat in April. Those saying business conditions are “good” decreased from 24.9 percent to 23.2 percent. However, those saying business conditions are “bad” also declined, from 19.2 percent to 18.1 percent. 
 
Euro is currently being traded few points above 1.13 level, Sterling is around 1.46 handle, while Aussie is at 0.7740 area.
More in this category: « Durable Goods Orders rose 0.8% in March Australian CPI fell 0.2% in Q1 »

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