The April Conference Board Consumer Confidence # was a much better than expected 39.2, almost 10 pts better than forecasted and up from a revised 26.9 in March. It’s the highest level since Nov ’08 and the
questionnaire was likely filled out a few weeks ago but definitely reflects the sense of a slowdown in the economic deterioration and rally in the capital markets.

BUT, most of the gain was in the Expectations component which rose 19.3 pts as hope reigns supreme. The Present Situation component rose less than 2 pts. Those that said jobs were Plentiful fell .2 pts to the lowest level since 1991 but those that said jobs were Hard To Get fell almost 1 pt from last months highest level since 1992. Those that think business will get better within 6 mo’s rose to the highest since Sept ’07. Those that plan to buy a home within 6 mo’s rose a hair while those that plan to buy a car within 6 mo’s rose
to the highest since Jan.

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Category: MacroNotes

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

3 Responses to “consumer confidence”

  1. me says:

    I think they must be under the delusion that things can’t get worse, or at least the worst is over. I want what they are ingesting.

  2. Onlooker from Troy says:

    It’s a stock market rally and happy talk inspired number, pure and simple. Combine that with the relative feel of things getting better after the end of the world feel of meltdown in the Fall and the natural uplift of Spring, and this is what you get. It won’t last, I’m sorry to say. When things keep going to hell and the job loss tsunami doesn’t abate much if at all, and the market starts back down, these numbers will fall. No amount of denial and happy talk will change that.