Note: Reprinting or reproducing any article or parts of an article without
Permission of American Trucking Associations is strictly prohibited.
Updated:
4/28/2009 10:05:00 AM Buy a Digital Copy of Transport Topics
Consumer Confidence Jumps in April
Consumer confidence jumped in April to the highest level since November, the Conference Board said Tuesday.
The New York-based group’s monthly index rose to a reading of 39.2 this month, from a revised 26.9 in March. The climb was the biggest since November 2005
Economists had forecast that the reading would rise to 29.7, Bloomberg said.
The consumer confidence index is a predictor of consumer spending. When people are feeling less confident about the economy, they are less likely to spend money, which decreases demand for trucking services.
By Transport Topics
© 2009, Transport Topics Publishing Group. All rights reserved.