Consumer Confidence Rebounds in April

NEW YORK-The consumer confidence index picked up 6.2 points in The Conference Board's April survey, finishing the month at 68.1, as consumers' views of the economy improved during the month.

In noting that consumers have a more positive opinion about both the current and future shape of the U.S. economy, Lynn Franco, The Conference Board's director of economic indicators, added, "However, consumers' confidence has been challenged several times over the past few months by such events as the fiscal cliff, the payroll tax hike and the sequester. Thus, while expectations appear to have bounded back, it is too soon to tell if confidence is actually on the mend."

Both of the component indexes in the overall consumer confidence reading gained in April. The present situation index rose 1.2 points to 60.4, and the expectations index was up 9.6 points to 73.3.

Meanwhile, the consumer sentiment index, provided by the Thomson Reuters/University of Michigan Survey of Consumers, fell back 2.2 points in April from March, to 76.4. Richard Curtin, chief economist for the Survey of Consumers, attributed the decline to consumers' worries about economic conditions down the road. "In particular," Curtin said, "consumers were less optimistic about the ability of the economy to continue to expand without a renewed downturn some time in the next five years."

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.

Videos

  • Von Tobel Cites Brass Textures Among Top Trends

    Camera Icon   More Videos

Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN cover for September 2017

    HFN's DIGITAL EDITION

    September 2017


    COVER STORY:

    2017 State of the Industry Report
    Cautious Optimism, Mixed Results

    Many expected 2016 would be a banner year, but the political and economic climate softened consumer confidence. It was also a year consumers spent more lavishly on home remodeling rather than decorating.


    ALSO IN THIS ISSUE:

    •  TJX Unveils First U.S. Homesense Store - In a time when retailers are reducing store counts, TJX continues to get physical.
    •   Ikea’s Fluid Spaces - The retailer’s new intros reflect multifunctional rooms.
    •  N.Y. Home Fashions Market Preview - Textile textures get soft and cozy, colors warmer.