Consumer Confidence Hits 18-Month High
Consumer confidence hit its highest level since September 2008 this month hitting 57.9, up from 52.3 in March. In September 2008, the index was at 61.4.
The Present Situation Index increased to 28.6 from 25.2, and the Expectations Index improved to 77.4 from 70.4.
The Consumer Confidence Survey is based on a representative sample of 5,000 U.S. households.