Tuesday, April 28, 2009

Consumer Confidence Soars

Looks like the stimulus plan is working:
WASHINGTON - A private research group said Tuesday that consumer confidence soared in April amid hopeful signs that the economy is starting to stabilize

The Conference Board said its Consumer Confidence Index rose 12 points to 39.2, up from a revised 26.9 in March. The reading marks the highest point since November and well surpasses economists' expectations for a level of 29.5.

The Expectations Index, which measures how shoppers feel about the economy over the next six months, skyrocketed to 49.5 from 30.2 in March.

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