Coonsey’s World

GOOD NEWS FOR ONCE

Consumer confidence in April soared to its highest level of the year, indicating that U.S. consumers may feel the worst of the economic downturn is behind us.

A report issued by private research group the Conference Board showed that confidence levels in April rose to a higher-than-expected 39.2, easily beating economist estimates of 29.0.

Consumer confidence this month well exceeded March’s revised rate of 26.9, and April’s numbers were the highest recorded since last November.

HOTDOG! This is GOOD NEWS.

Do you know why it’s good news?  Because this means if consumers feel more confident they will start BUYING again and their new buying will only serve to ‘help‘ our sluggish economy.