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April 27, 2004
More Good Economic News

Consumer confidence and home sales continue to rise as more people find jobs, contributing to an undeniably growing economy:

Home sales rose a strong 5.7% in March, according to the National Association of Realtors, and a second report said consumer confidence rose in April, driven primarily by increased faith in an employment recovery. The reports are more good news for an economy showing increasing signs of strength.

The Conference Board, a private research firm, said its index of consumer confidence rose to 92.9 in April from a revised 88.5 in March. Economists surveyed by Reuters had forecast the index to slip to 88.0.

"The job market, which has a major impact on confidence, appears to be gaining strength," said Lynn Franco, director of research at the Conference Board's Consumer Research Center. "The percentage of consumers claiming jobs are hard to get is now at its lowest level since November 2002, and more consumers expect this trend to continue."

It just keeps rolling ... it just keeps rolling along ...

Sphere It Digg! View blog reactions
Posted by Ed Morrissey at April 27, 2004 7:02 PM

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