{"id":459956,"date":"2021-04-27T14:20:37","date_gmt":"2021-04-27T18:20:37","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=459956"},"modified":"2021-04-27T14:20:40","modified_gmt":"2021-04-27T18:20:40","slug":"u-s-consumer-confidence-grows-to-pre-pandemic-levels","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/u-s-consumer-confidence-grows-to-pre-pandemic-levels\/","title":{"rendered":"U.S. Consumer Confidence Grows To Pre-Pandemic Levels"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fu-s-consumer-confidence-grows-to-pre-pandemic-levels%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=459956&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/04\/fb_image-650.jpeg?w=1200&#038;h=800&#038;ixlib=react-9.0.3\" class=\"ff-og-image-inserted\"  style=\"display:none\"><\/div>\n<p class=\"p1\">United States consumer confidence rose again in April for the second month in a row, reaching the highest level since February 2020 before the coronavirus pandemic hit the nation and devastated the economy.<\/p>\n<p class=\"p1\"><span class=\"s1\"><a href=\"https:\/\/conference-board.org\/data\/consumerconfidence.cfm\">The Conference Board Consumer Confidence Index<\/a><\/span> reported high numbers for the month of April. The board reported that the Index is now at 121.7, an increase from 109.0 in March. Other measurements grew, as well, including the Present Situation Index, which is \u201cbased on consumers\u2019 assessment of current business and labor market conditions\u201d and the Expectations Index, which is \u201cbased on consumers\u2019 short-term outlook for income, business, and labor market conditions[.]\u201d The Present Situation Index rose from 110.1 to 139.6 and the Expectations Index went up slightly from 108.3 in March to 109.8 in April.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p class=\"p1\">\u201cConsumer confidence has rebounded sharply over the last two months and is now at its highest level since February 2020,\u201d said\u00a0Lynn Franco, Senior Director of Economic Indicators at The Conference Board. \u201cConsumers\u2019 assessment of current conditions improved significantly in April, suggesting the economic recovery strengthened further in early Q2. Consumers\u2019 optimism about the short-term outlook held steady this month. Consumers were more upbeat about their income prospects, perhaps due to the improving job market and the recent round of stimulus checks. Short-term inflation expectations held steady in April, but remain elevated. Vacation intentions posted a healthy increase, likely boosted by the accelerating vaccine rollout and further loosening of pandemic restrictions.\u201d<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p class=\"p1\">Consumers\u2019 feelings about the current conditions went up a significant amount this month. The Conference Board reported:<\/p>\n<blockquote readability=\"10\">\n<p class=\"p1\"><i>The percentage of consumers claiming business conditions are \u201cgood\u201d increased from 18.3 percent to 23.3 percent, while the proportion claiming business conditions are \u201cbad\u201d fell from 30.1 percent to 24.8 percent. Consumers\u2019 assessment of the labor market also improved. The percentage of consumers saying jobs are \u201cplentiful\u201d increased from 26.5 percent to 37.9 percent, while those claiming jobs are \u201chard to get\u201d declined from 18.5 percent to 13.2 percent.<\/i><\/p>\n<\/blockquote>\n<p class=\"p1\">Consumers\u2019 hopes about the short-term standing went up slightly. The percentage of consumers who anticipate business conditions getting better over the next six months went up moderately from 40.3% to 40.5%, \u201cwhile the proportion expecting business conditions to worsen stood relatively unchanged at 11.9 percent.\u201d<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p class=\"p1\">Consumers\u2019 view of the job market were slightly less optimistic. \u201cThe proportion expecting more jobs in the months ahead fell from 35.9 percent to 34.5 percent, while those anticipating fewer jobs rose from 14.4 percent to 15.5 percent,\u201d the report stated. \u201cRegarding short-term income prospects, 17.9 percent of consumers expect their incomes to increase in the next six months, up from 15.4 percent in March. Those expecting their incomes to decrease fell to 10.9 percent, down from 12.6 percent.\u201d<\/p>\n<p class=\"p1\">According to the <a href=\"https:\/\/apnews.com\/article\/health-business-coronavirus-a9525f5cbb8a1de0c8bbb961a3bcd261\"><span class=\"s1\">Associated Press<\/span><\/a>, economists think that the rise in consumer confidence will boost general economic growth as consumers, who make up 70% of economic activity, increase their spending as lockdown restrictions are alleviated.<\/p>\n<p class=\"p1\">The Consumer Confidence Survey shows current business conditions and probable developments for future months. The website states: \u201cThis monthly report details consumer attitude, buying intentions, vacation plans and consumer expectation for inflation, stock prices and interest rates. Data are data available by age, income, region and top 8 states.\u201d<\/p>\n<p><i><span>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a<\/span><\/i> <a href=\"https:\/\/www.dailywire.com\/subscribe\"><span>member<\/span><\/a><span>.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>United States consumer confidence rose again in April for the second month in a row, reaching the highest level since February 2020 before the coronavirus pandemic hit the nation and &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2276839,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/04\/fb_image-650.jpeg?w=1200&h=800&ixlib=react-9.0.3","fifu_image_alt":"U.S. Consumer Confidence Grows To Pre-Pandemic Levels","footnotes":""},"categories":[],"tags":[],"class_list":["post-459956","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/04\/fb_image-650.jpeg?w=1200&h=800&ixlib=react-9.0.3","fifu_image_alt":"U.S. Consumer Confidence Grows To Pre-Pandemic Levels","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/459956","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=459956"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/459956\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2276839"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=459956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=459956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=459956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}