Friday, April 27, 2012

UMich Consumer Confidence JUMPS To 76.4

shopping, mall, spending, girls

The University of Michigan index of consumer confidence in April just came in at 76.4.

That's well above analyst expectations were for an earlier reading of the index to be confirmed at 75.7.

Today's jump marks a rise from March's reading of 76.2.

Positive measures of consumer confidence have been the big news today.

We also had a positive reading on consumer strength from today's Q1 GDP report, where personal consumption exceeded expectations and increased by 2.9 percent.

More to come.

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