Consumer confidence bounced back up in April, but after a roller coaster ride in the last few months, it’s too early to tell if confidence has stabilized.
One month up and one month down. That’s been the pattern since January, with the latest survey by The Conference Board’s Consumer Confidence Index rising to 68.1 from 61.9 in March. Both components of the index saw increases. The Present Situation Index rose to 60.4 from 59.2, while the Expectations Index improved to 73.3 from 63.7.
“Consumers’ confidence has been challenged several times over the past few months by such events as the fiscal cliff, the payroll tax hike and the sequester. Thus, while expectations appear to have bounced back, it is too soon to tell if confidence is actually on the mend,” she said.
IHS economist Chris G. Christopher Jr. said, “Looking ahead, we expect the consumer mood to gradually gain some traction, with one big caveat — political bickering over the sequester or debt ceiling issues is likely to cause strong consumer mood swings.”
He also noted that average inflation expectations have fallen slightly due to falling pump prices.
Consumers in general had a more upbeat outlook on the economy six months out. Those surveyed who said they expect business conditions to improve over that time period rose to 16.9 percent from 15 percent.
The outlook of respondents on the jobs front also was slightly more positive, with those who said jobs are “plentiful” inching up to 9.8 percent from 9.5 percent. Those expecting more jobs in the months ahead rose to 14.2 percent from 13 percent.
In addition, 16.8 percent of those surveyed expect their incomes to increase — that’s up from 14.6 percent last month.
@moncler unveiled its latest project, #MonclerGenius, yesterday at Milan Fashion Week. The Italian outwear maker gave show-goers a preview of the monthly collections – which were created by eight designers and creative talents including Pierpaolo Piccioli, Simone Rocha, Craig Green and more – that will start rolling out in the summer.
In honor of Rihanna’s 30th birthday, we took a look back at an interview with the Barbados-native when she was just 18 years old. Here, she talked about her second album, “A Girl Like Me” in 2006. “I want to be me. I want people to fall in love with who Rihanna is, and that’s why I want the album to be about me so people can really find out who this girl Rihanna is, because they only know the ‘Pon de Replay’ girl.” Fast forward 12 years, and she’s released six more albums and has become a powerhouse in both the fashion and music industries. Happy birthday, @badgalriri 🎈(📷: Pavel Antonov) #wwdarchive