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Another Consumer Confidence Index Rockets Higher

The Conference Board's closely watched index on US Consumer confidence rocketed higher in the board's April reading...  For those of us following the more dynamic Rausmussen Index, this comes as no surprise...mast-economy.blogspot....

The huge jump in confidence follows a small increase in March.

The April gains were fueled by "a significant improvement in the short-term outlook," said Lynn Franco, director at the Conference Board Consumer Research Center.

The Present Situation Index:  Up 23.7 from 21.9 last month.

The Expectations Index Exploded to 49.5 from 30.2 in March.  The Board which rarely uses superlatives, described this move up as "substantial."

 More on the conference board numbers....http://www.conference-...