|Consumer Confidence Still Seen As Positive In April Despite Slight Miss On Expectations|
|Tuesday, April 24, 2012 16:47|
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%.
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Manufacturing 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.