Tuesday, April 27, 2010
Wells Fargo Reports: Consumer Confidence Rises Solidly in April
The overall index rose 5.6 points to 57.9, the highest reading since September 2008. Even though the Consumer Confidence Index has increased only modestly from its recession lows, attitudes have improved enough to drive healthy gains in spending. Overall retail sales increased at an 11.03 percent annual rate during the first quarter, with spending rising for motor vehicles and a broad assortment of spending categories.