Industry News

Economic conditions lift consumer mood

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The Conference Board's Consumer Confidence Index, a key indicator of economic conditions, increased in April to 92.9 (1985=100), from 88.5 in March. The Present Situation Index rose to 90.6 from 84.4, and the Expectations Index increased to 94.5 from 91.3. "This latest improvement in consumer confidence was sparked by a more favorable assessment of current business and labor market conditions and increased consumer optimism about the next six months," Lynn Franco, director of The Conference Board's Consumer Research Center, said. The Consumer Confidence Survey is based on a representative sample of 5,000 U.S. households, and is conducted for The Conference Board by TNS NFO. Consumers saying business conditions have improved rose to 21.4 percent, up from 20.7 percent, while those claiming conditions have worsened declined to 22 percent from 23.1 percent. Consumers claiming jobs are "hard to get" fell to 27.6 percent from 29.9 percent, while those saying jobs are "plentiful" increase...