Consumer Confidence

April 26th, 2016 10:19 am | by John Jansen |

Via Stephen Stanley at Amherst Pierpont Securities:

The Conference Board gauge of consumer confidence fell by about 2 points in April to 94.2, reversing the March gain.  Assessments of the present situation improved, including a 1-point gain in the assessment of labor market conditions to the best reading of the cycle.  However, expectations deteriorated, unwinding the 4-point rise registered in March.  Over the last five months, the headline index has meandered within a 4-point range, which is not telling me very much about the consumer spending picture.  With real labor income gains likely to stay solid, I remain upbeat about the prospects for consumer expenditures.

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