Consumer Confidence Index Little Changed in April
Apr 26, 2012
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The Conference Board Consumer Confidence Index, after a slight decline in March 2012, was essentially unchanged in April. The Index stood at 69.2 in April 2012, down slightly from 69.5 in March. The Expectations Index was 81.1, down from 82.5 in March. The Present Situation Index was 51.4, up from 49.9 in March.
"As was the case last month, the slight dip was prompted by a moderation in consumers' short-term outlook, while their assessment of current conditions continued to improve," said Lynn Franco, director of The Conference Board Consumer Research Center. "Overall, consumers are more upbeat about the state of the economy, but they remain cautiously optimistic."
The Board said consumers' assessment of current conditions improved in April:
* Those who see business conditions as "good" was 15.3%, up from 14.3%
* Those who see business conditions as "bad" was 33.5%, up from 33.2%
Consumers' appraisal of the job market was mixed:
* Those who see jobs as "hard to get" were 37.5%, down from 40.7%.
* Those who see jobs as "plentiful" were 8.4%, down from 9.0%.
Consumers were slightly less optimistic about the short-term outlook:
* Those who expect business conditions to improve over the next six months were 18.8%, down from 19.3%
* Those who expect business conditions will worsen were 14.2%, up from 13.7%.
Consumers' outlook for the labor market:
* Those who expect more jobs in the months ahead: 16.9%, down from 17.4%
* Those who expect fewer jobs: 18.0%, down from 18.5%.
Consumers who expect an increase in their incomes were 14.0%, down from 15.5% in March.
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