The Conference Board Consumer Confidence Index® Improves
NEW YORK, April 30, 2013
NEW YORK, April 30, 2013 /PRNewswire/ -- The Conference Board Consumer
Confidence Index^®, which had declined in March, increased in April. The Index
now stands at 68.1 (1985=100), up from 61.9 in March. The Present Situation
Index increased to 60.4 from 59.2. The Expectations Index improved to 73.3
from 63.7 last month.
The monthly Consumer Confidence Survey^®, based on a probability-design random
sample, is conducted for The Conference Board by Nielsen, a leading global
provider of information and analytics around what consumers buy and watch. The
cutoff date for the preliminary results was April 18.
Says Lynn Franco, Director of Economic Indicators at The Conference Board:
"Consumer Confidence improved in April, as consumers' expectations about the
short-term economic outlook and their income prospects improved. However,
consumers' confidence has been challenged several times over the past few
months by such events as the fiscal cliff, the payroll tax hike and the
sequester. Thus, while expectations appear to have bounced back, it is too
soon to tell if confidence is actually on the mend."
Consumers' assessment of current conditions improved moderately in April.
Those saying business conditions are "good" increased to 17.2 percent from
16.4 percent, while those stating business conditions are "bad" decreased to
28.1 percent from 29.1 percent. Consumers' assessment of the labor market was
mixed. Those claiming jobs are "plentiful" edged up to 9.8 percent from 9.5
percent, however those claiming jobs are "hard to get" increased to 37.1
percent from 35.4 percent.
Consumers were considerably more upbeat about the short-term outlook. The
percentage of consumers expecting business conditions to improve over the next
six months increased to 16.9 percent from 15.0 percent, while those
anticipating business conditions to worsen decreased to 15.1 percent from 17.7
Consumers' outlook for the labor market was also more positive. Those
expecting more jobs in the months ahead improved to 14.2 percent from 13.0
percent, while those expecting fewer jobs decreased to 22.4 percent from 26.0
percent. The proportion of consumers expecting their incomes to increase rose
to 16.8 percent from 14.6 percent, while those expecting a decrease declined
to 16.0 percent from 17.7 percent.
April 2013 Consumer Confidence Survey^®
The Conference Board
About The Conference Board
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the United States. www.conference-board.org
Nielsen Holdings N.V. (NYSE: NLSN) is a global information and measurement
company with leading market positions in marketing and consumer information,
television and other media measurement, online intelligence, mobile
measurement, trade shows and related properties. Nielsen has a presence in
approximately 100 countries, with headquarters in New York, USA and Diemen,
the Netherlands. For more information, visit www.nielsen.com.
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