Investing.com - U.S. consumer confidence rose more-than-expected in April, hitting a two-month high, industry data showed on Tuesday.
In a report, the Conference Board, a market research group said its index of consumer confidence rose to 68.1 in April from a reading of 61.9 in March, whose figure was revised up from 59.7.
Analysts had expected the index to ease down to 60.8 in April.
Commenting on the report, director of The Conference Board Consumer Research Center Lynn Franco said, “Consumer Confidence improved in April, as consumers’ expectations about the short-term economic outlook and their income prospects improved.”
Following the release of the data, the U.S. dollar remained lower against the euro, with EUR/USD adding 0.29% to trade at 1.3136.
Meanwhile, U.S. equity markets held on to losses. The Dow Jones Industrial Average dipped 0.3%, the S&P 500 index fell 0.25%, while the Nasdaq Composite index was down 0.1%.
In a report, the Conference Board, a market research group said its index of consumer confidence rose to 68.1 in April from a reading of 61.9 in March, whose figure was revised up from 59.7.
Analysts had expected the index to ease down to 60.8 in April.
Commenting on the report, director of The Conference Board Consumer Research Center Lynn Franco said, “Consumer Confidence improved in April, as consumers’ expectations about the short-term economic outlook and their income prospects improved.”
Following the release of the data, the U.S. dollar remained lower against the euro, with EUR/USD adding 0.29% to trade at 1.3136.
Meanwhile, U.S. equity markets held on to losses. The Dow Jones Industrial Average dipped 0.3%, the S&P 500 index fell 0.25%, while the Nasdaq Composite index was down 0.1%.