Lisa Gray has been a wealth writer since 2001. She has been involved in the wealth management industry since 1988. She is the author of two bestselling books—The New Family Office and Generational Wealth Management.| Consumer Confidence Still Seen As Positive In April Despite Slight Miss On Expectations |
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| Tuesday, April 24, 2012 16:47 |
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Consumer confidence numbers in April continued to be positive for the economic recovery even though numbers were slightly lower than in March. The Conference Board index came in at 69.2% instead of the expected 69.9%.
This Website Is For Financial Professionals OnlyManufacturing as reported by the Richmond Federal Reserve Bank increased its growth pace and the Commerce Department showed that home sales beat expectations.
The Bloomberg Consumer Comfort Index reported a four-year high based on improvement in consumers’ financial conditions. Consumer spending decreased as well as those who felt that jobs were plentiful, confirming that within a positively developing economic trend, there is still room for caution.
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