U.S. Consumer Confidence Grows To Pre-Pandemic Levels

United States consumer confidence rose again in April for the second month in a row, reaching the highest level since February 2020 before the coronavirus pandemic hit the nation and devastated the economy.

The Conference Board Consumer Confidence Index reported high numbers for the month of April. The board reported that the Index is now at 121.7, an increase from 109.0 in March. Other measurements grew, as well, including the Present Situation Index, which is “based on consumers’ assessment of current business and labor market conditions” and the Expectations Index, which is “based on consumers’ short-term outlook for income, business, and labor market conditions[.]” The Present Situation Index rose from 110.1 to 139.6 and the Expectations Index went up slightly from 108.3 in March to 109.8 in April.