Consumers’ confidence in the U.S. economy rose sharply in April, marking the fourth straight month of gains as more people received vaccinations, stimulus payments reached households and businesses more fully reopened.

The consumer confidence index increased to 121.7 in April from a revised 109.0 in March, the Conference Board said Tuesday.

Recent improvements led the index to a more than one-year high, with the indicator approaching the pre-pandemic level of 132.6 in February 2020.

“Consumers were more upbeat about their income prospects, perhaps due to the improving job market and the recent round of stimulus checks,” said

Lynn Franco,

senior director of economic indicators at the Conference Board.

The labor market has recently shown signs of accelerating. Employers created more than…

Read more…

Share.

Comments are closed.