Consumer confidence rose in April to the highest level since July, boosted by further improvement in the labor market that will provide some traction for the economy after a weather-related slowdown early this year.
Consumer confidence climbed last week from an almost two-month low, paced by improving perceptions of personal finances and the buying climate that signal shoppers will return to U.S. retailers as temperatures warm.
Fewer Americans are seeking jobless benefits in March, manufacturing in some areas is rebounding and a gauge of the economy’s prospects climbed more than forecast in February, signs U.S. growth will pick up as temperatures warm.
The Bloomberg Consumer Comfort Index is now available via the Bloomberg Professional Service or subscription from Langer Research Associates.
For subscription information and source data contact Langer Research Associates.