Press Release: The Conference Board Consumer Confidence Index Declined in April
April 25 2017 - 10:30AM
Dow Jones News
The Conference Board Consumer Confidence Index Declined in
April
PR Newswire
NEW YORK, April 25, 2017
NEW YORK, April 25, 2017 /PRNewswire/ -- The Conference Board
Consumer Confidence Index(R) , which had increased in March,
declined in April. The Index now stands at 120.3 (1985=100), down
from 124.9 in March. The Present Situation Index decreased from
143.9 to 140.6 and the Expectations Index declined from 112.3 last
month to 106.7.
The monthly Consumer Confidence Survey(R) , based on a
probability-design random sample, is conducted for The Conference
Board by Nielsen, a leading global provider of information and
analytics around what consumers buy and watch. The cutoff date for
the preliminary results was April 13.
"Consumer confidence declined in April after increasing sharply
over the past two months, but still remains at strong levels," said
Lynn Franco, Director of Economic Indicators at The Conference
Board. "Consumers assessed current business conditions and, to a
lesser extent, the labor market less favorably than in March.
Looking ahead, consumers were somewhat less optimistic about the
short-term outlook for business conditions, employment and income
prospects. Despite April's decline, consumers remain confident that
the economy will continue to expand in the months ahead."
Consumers' assessment of current conditions eased in April.
Those saying business conditions are "good" declined from 32.4
percent to 30.2 percent, while those saying business conditions are
"bad" increased slightly, from 13.1 percent to 13.8 percent.
Consumers' assessment of the labor market was moderately less
favorable. Those stating jobs are "plentiful" declined from 31.8
percent to 30.8 percent, while those claiming jobs are "hard to
get" was virtually unchanged at 19.1 percent.
Consumers were less optimistic about the short-term outlook in
April. The percentage of consumers expecting business conditions to
improve over the next six months decreased from 26.9 percent to
24.8 percent, while those expecting business conditions to worsen
rose from 8.5 percent to 10.9 percent.
Consumers' outlook for the labor market was also less upbeat.
The proportion expecting more jobs in the months ahead declined
from 23.8 percent to 23.0 percent, while those anticipating fewer
jobs increased from 12.7 percent to 13.1 percent. The percentage of
consumers expecting their incomes to increase declined from 22.5
percent to 19.3 percent, while the proportion expecting a decrease
held steady at 7.5 percent.
Source: April 2017 Consumer Confidence Survey(R)
The Conference Board
The Conference Board publishes the Consumer Confidence Index(R)
, at 10 a.m. ET on the last Tuesday of every month. Subscription
information and the technical notes to this series are available on
The Conference Board website:
https://www.conference-board.org/data/consumerdata.cfm.
About The Conference Board
The Conference Board is a global, independent business
membership and research association working in the public interest.
Our mission is unique: To provide the world's leading organizations
with the practical knowledge they need to improve their performance
and better serve society. The Conference Board is a non-advocacy,
not-for-profit entity holding 501 (c) (3) tax-exempt status in the
United States. www.conference-board.org
ABOUT NIELSEN
Nielsen Holdings plc (NYSE: NLSN) is a global performance
management company that provides a comprehensive understanding of
what consumers watch and buy. Nielsen's Watch segment provides
media and advertising clients with Total Audience measurement
services for all devices on which content -- video, audio and text
-- is consumed. The Buy segment offers consumer packaged goods
manufacturers and retailers the industry's only global view of
retail performance measurement. By integrating information from its
Watch and Buy segments and other data sources, Nielsen also
provides its clients with analytics that help improve performance.
Nielsen, an S&P 500 company, has operations in over 100
countries, covering more than 90 percent of the world's population.
For more information, visit www.nielsen.com.
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SOURCE The Conference Board
/CONTACT: Further information: Carol Courter (212) 339-0232 /
courter@conference-board.org
/Web site: http://www.conference-board.org
(END) Dow Jones Newswires
April 25, 2017 10:15 ET (14:15 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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