Daily Roundup of Key US Economic Data for April 28
The Conference Board's Consumer Confidence Index rose to 92.8 in April from a 92.2 reading in March reflecting an increase in the expectations reading that was partially offset by a decline in the reading for current conditions.Current employment conditions improved but the assessment of current business conditions deteriorated.The Conference Board noted that the survey was conducted during the two-week ceasefire in the Middle East and the rebound in US equity prices.The FHFA home price index was unchanged in February after a 0.2% increase in January. The index was 1.7% higher than a year ago.Released at the same time, S&P Case-Shiller reported a 0.3% February home price gain after a 0.2% decline in January. The index was up 0.7% year-over-year, down from the 0.8% rate in the previous month.The Richmond Fed's manufacturing index rose to 3 in April from 0 in March after positive readings in most of the regional data.At same time, the Richmond Federal Reserve's services reading remained at 9 in April, while the Dallas Fed's services reading fell to minus 9.9 in April from minus 13.3 in March.Redbook reported that US same-store retail sales were up 7.7% year-over-year in the week ended April 25, faster than a 6.7% gain in the prior week due to an extra selling day this year and sales of seasonal items despite mixed weather conditions.