The Conference Board Consumer Confidence Index rebounded strongly in April after declining in March, beating the forecast.
The Index now stands at 129.2 (1985=100), up from 124.2 in March. The consensus forecast was looking for 127.1, ranging from a low of 122.0 to a high of 130.0.
“Consumer Confidence partially rebounded in April, following March’s decline, but still remains below levels seen last Fall,” said Lynn Franco, Senior Director of Economic Indicators at The Conference Board. “The Present Situation Index, which had decreased sharply last month, improved in April, as did consumers’ short-term outlook.”