Tuesday, April 28, 2009

Report: Consumer Confidence Soars In April

NEW YORK (AP) -- Hopeful signs that the worst may be over for the economy boosted Americans' moods in April, sending a closely watched barometer of sentiment to the highest level since November.

The New York-based Conference Board said Tuesday that its Consumer Confidence Index rose more than 12 points to 39.2, up from a revised 26.9 in March. The reading marks the highest level since November's 44.7 and well surpasses economists' expectations for 29.5.

The consumer confidence survey showed a substantial improvement in consumers' short-term outlook, including even their assessment of the job picture.

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By Anne D'Innocenzio, AP Retail Writer
Manufacturing.Net - April 28, 2009

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