Consumer Confidence Reaches Highest Level Since Sept. 2008

Posted by Expert Gadget Reviewer on Wednesday, 28 April 2010

More signs that the long awaited economic recovery is picking up speed - April's Consumer Confidence Survey, conducted monthly by The Conference Board, rose to 57.9, up more than 5 points from March's 52.3. April's reading is the highest Consumer Confidence level since September of 2008 (61.4).

Chart Courtesy of The Conference Board

Overall the survey recorded positive appraisals of current business and labor market conditions, as well as a positive outlook about the future. The percentage of consumers expecting business conditions will improve over the next six months increased to 19.8 percent from 18.0 percent, while those expecting conditions will worsen declined to 12.6 percent from 13.6 percent.

The survey is based on a representative sample of 5,000 households.