Although recent economic data point to a slowdown in the U.S. economy, consumer confidence remains high, the Conference Board reports.
The board's Consumer Confidence Index was 116.3 in April, virtually unchanged from 117.7 in the previous month. The board set the confidence level in 1985 at 100.The board reported that 28.8 percent of the 5,000 U.S. households surveyed by National Family Opinion of Toledo, Ohio, think that current business conditions are "good." About 34.7 percent said jobs are "plentiful."
Survey respondents were less optimistic about the next six months. Only 16.5 percent said they expected an improvement in business conditions, down from 18 percent a month ago.
Only 3.1 percent of consumers plan to buy a home, reflecting concern over rising interest rates.
About 7.6 percent of respondents said they planned to buy an automobile, up from 7.1 percent last month.