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Consumer Confidence Index rises in April

NEW YORK (AP) - A monthly survey says concerns about jobs and
inflation eased in April, pushing the Consumer Confidence Index
above expectations.
The Conference Board says the index rose to 65.4 from a revised
63.8 in March. Economists expected a smaller rise to 64.8,
according to FactSet.
The increase comes after an unexpected drop in March stemming
from worries about rising gas prices and other household costs. But
the measure had risen for five consecutive months before that and
hit a three-year high in February.
The index is still far from the reading of 90 that indicates a
healthy economy. It hasn't approached that level since the
recession began in December 2007.
The Conference Board says views about income and the job market
improved during the month and expectations about inflation

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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