2016.04.2510:22:00UTC+00U.s. Conference Board Consumer Confidence Index Likely to Slip Slightly in April

US Conference Board Consumer Confidence Index is scheduled for release on 26th April at 4:00 GMT. After beating expectations in March, the index is likely to register a reading of 95.8 in April compared to 96.2 in the previous month.

Consumer sentiment in the US regained strength in March, amid higher optimism about the short-term outlook for the economy. The Conference Board’s index beat expectations for a decline to 93.9 and came in at 96.2 in March from an upwardly revised 94.0 in February. The six months outlook section showed an improvement to 84.7 from 79.9 the prior month. But the present condition dropped slightly to 113.5 from 115 in February, reaching its lowest level since November.

Consumer sentiment has been mostly positive for more than a year while consumer spending has slowed recently, rising only 0.1% each month between December and February. But the U.S. labor market has been steadily improving, adding jobs and wages over the past year.