{"id":146738,"date":"2019-04-30T10:40:21","date_gmt":"2019-04-30T14:40:21","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=146738"},"modified":"2019-04-30T10:40:21","modified_gmt":"2019-04-30T14:40:21","slug":"will-us-consumer-confidence-rise-in-april","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/04\/will-us-consumer-confidence-rise-in-april\/","title":{"rendered":"Will US Consumer Confidence Rise In April?"},"content":{"rendered":"
April 30, 2019<\/div>
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By <\/strong>Orbex<\/strong><\/a><\/p>\n

The Conference Board\u2019s consumer confidence report will be coming out later today during the NY trading session. The median estimates point to\u00a0consumer confidence picking up\u00a0<\/strong>following the decline in March.<\/p>\n

The rebound in consumer confidence comes amid recent economic data showing a resurgence in the US economy.\u00a0Various measures of the economy were seen reigniting<\/strong>. This put to rest concerns that the US economy could be slowing.<\/p>\n

Economic indicators such as rising retail sales, better than expected GDP figures and the weekly jobless claims at historical lows are just some of the reports that underline the rising confidence in consumers.<\/p>\n

It was evident from the fact that the preliminary GDP estimates for the first quarter beat estimates by a strong margin.\u00a0The US economy was advancing at a pace of 3.2% in the three months ending March.<\/strong><\/p>\n

The GDP data<\/a>\u00a0beat conservative estimates of a 2.2% \u2013 2.5% increase<\/strong>. The weak expectations came amid a shaky start to the year. And the aggressive Fed\u2019s rate hikes were just one of the reasons why. However, the economy began to rebound after the Fed pledged to leave rates unchanged at the March FOMC meeting.<\/p>

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Consumer Confidence Declines in March<\/strong><\/h2>\n

The Conference Board\u2019s consumer confidence survey for March saw the index declining during the month following a strong increase in February.\u00a0The index stood at 124.1 in March, down from February\u2019s print of 131.4.<\/strong><\/p>\n

\"Conference<\/a>
Conference Board Consumer Confidence Index Report, March 2019<\/figcaption><\/figure>\n

The consumer confidence was down by 7.3 points. Overall, the data was somewhat mixed.\u00a0The employment trends index fell by 0.58%<\/strong>\u00a0while the leading economic index grew 0.4 percentage points.<\/p>\n

The present situation index which is built on the current assessment from consumers including labor market and current business\u00a0fell to 160.6.<\/strong>\u00a0In February, this measure of consumer confidence stood at 172.8.<\/p>\n

The declines in the run-up to the March consumer confidence report were as a result of a number of factors. It was mainly due to\u00a0the uncertainty of the economic outlook<\/strong>. The partial government shutdown into January this year also affected the consumer sentiment.<\/p>\n

Consumer Survey Trends in April<\/strong><\/h2>\n

The outlook for the April data from Conference Board is, however, one that could see a rebound. This comes as various other measures of consumer surveys show that optimism is back.<\/p>\n

Here\u2019s a brief rundown of the various consumer survey trends.<\/p>\n