Conference Board US Consumer Confidence rose to 129.2 in April, up from 124.2 and beat expectation of 126.5. Present Situation Index rose from 163.0 to 168.3. Expectations Index rose from 98.3 to 103.0. Lynn Franco, Senior Director of Economic Indicators at The Conference Board said while consumer confidence “partially rebounded”, it still “remains below levels seen last fall”. But overall, “consumers expect the economy to continue growing at a solid pace into the summer months”.
Also released from US:
- Pending home sales rose 3.8% mom in March, above expectation of 0.70% mom.
- S&P Case-Shiller 20 cities house price rose 3.0% yoy in February, below expectation of 3.1% yoy.
- Chicago PMI dropped to 52.6 in April, down from 58.7 and missed expectation of 59.0.
- Employment cost index rose 0.7% in Q1, matched expectations.
