Friday, May 01, 2009

Consumer Confidence Soars in April

NEW YORK (Reuters) - U.S. consumers felt more confident about the economy last month than at any time since the September failure of Lehman Brothers that pushed global banking to the brink of collapse, a survey showed today. The Reuters/University of Michigan Surveys of Consumers said its final index of confidence climbed to 65.1 in April from 57.3 in March. That was the highest since September 2008 and the biggest one-month increase since October 2006.

The April reading also marked the first yearly increase since July 2007. Economists polled by Reuters had expected a lower final reading of 61.9 for April.

The index of current economic conditions rose to 68.3 last month from 63.3 in March, the best reading in four months. The index of consumer expectations climbed to 63.1 from 53.5, also the highest since September of 2008.

"The improvement was concentrated in expectations for the future, especially the longer-term outlook for the economy," said Richard Curtin, the director of the survey.


At 5/02/2009 7:31 AM, Anonymous AMATI NONYMUS said...

If some of us will suddenly die from the flu, would you strongly suspect that big bunch of us will be spending lot of pinched pennies in effort to cheat our heirs from the benefits of all our pinching? If you have always wanted a Corvette will you now rush out to buy one before the flue epidemic breaks you adolescent dreams? Is this the mechanism of urgency that is now revving up our recently flagging economic bonanza?


At 5/03/2009 7:17 AM, Blogger juandos said...

If its Reuters, its most definitely questionable...


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