U.S. consumer confidence index reached 121.7 in April, up from 109.0 in March, according to the Conference Board press release. The index is now at the highest level since February 2020 at the onset of coronavirus.
The Present Situation Index measuring current business and labor market conditions rose from 110.1 to 139.6.
The Expectations Index reflecting short-term outlook for income, business, and labor market conditions gained moderately from 108.3 to 109.8.
Short-term inflation expectations were steady in April although it remained elevated.
The improvement in consumer confidence reflects strengthening economic recovery early in the second quarter.U.S. stocks are currently declining as the dollar gains. SPY is down 0.022%, QQQ is down 0.32%, EURUSD is down 0.06%.
