OK

This is only a Preview!

You must Publish this diary to make this visible to the public,
or click 'Edit Diary' to make further changes first.

Posting a Diary Entry

Daily Kos welcomes blog articles from readers, known as diaries. The Intro section to a diary should be about three paragraphs long, and is required. The body section is optional, as is the poll, which can have 1 to 15 choices. Descriptive tags are also required to help others find your diary by subject; please don't use "cute" tags.

When you're ready, scroll down below the tags and click Save & Preview. You can edit your diary after it's published by clicking Edit Diary. Polls cannot be edited once they are published.

If this is your first time creating a Diary since the Ajax upgrade, before you enter any text below, please press Ctrl-F5 and then hold down the Shift Key and press your browser's Reload button to refresh its cache with the new script files.

ATTENTION: READ THE RULES.

  1. One diary daily maximum.
  2. Substantive diaries only. If you don't have at least three solid, original paragraphs, you should probably post a comment in an Open Thread.
  3. No repetitive diaries. Take a moment to ensure your topic hasn't been blogged (you can search for Stories and Diaries that already cover this topic), though fresh original analysis is always welcome.
  4. Use the "Body" textbox if your diary entry is longer than three paragraphs.
  5. Any images in your posts must be hosted by an approved image hosting service (one of: imageshack.us, photobucket.com, flickr.com, smugmug.com, allyoucanupload.com, picturetrail.com, mac.com, webshots.com, editgrid.com).
  6. Copying and pasting entire copyrighted works is prohibited. If you do quote something, keep it brief, always provide a link to the original source, and use the <blockquote> tags to clearly identify the quoted material. Violating this rule is grounds for immediate banning.
  7. Be civil. Do not "call out" other users by name in diary titles. Do not use profanity in diary titles. Don't write diaries whose main purpose is to deliberately inflame.
For the complete list of DailyKos diary guidelines, please click here.

Please begin with an informative title:

Consumer Confidence Index for April 2013
Every month, with its Consumer Confidence Index, the Conference Board offers a look into how Americans currently view the economy. Like many other economic indicators these days, this one has been showing lots of volatility. For this month, the index rose 6.2 points to 68.1 compared with a revised 61.9 in March. But the April gain just took back what had been lost in March, when the index fell by 5.8 points. This up-and-down pattern has been going on for the past five months. Moreover, the index remains at recessionary levels.

According to Lynn Franco, director of Economic Indicators at The Conference Board:

“Consumer Confidence improved in April, as consumers’ expectations about the short-term economic outlook and their income prospects improved. However, consumers’ confidence has been challenged several times over the past few months by such events as the fiscal cliff, the payroll tax hike and the sequester. Thus, while expectations appear to have bounced back, it is too soon to tell if confidence is actually on the mend.”
Those surveyed who said business conditions are “good” rose to 17.2 percent from 16.4 percent March, while those saying they are “bad” decreased to 28.1 percent from 29.1 percent. Consumers had a mixed view of the labor market. Those saying jobs are “plentiful” rose to 9.8 percent from 9.5 percent. But those saying they are “hard to get” increased to a six-month high, from 35.4 percent in March to to 37.1 percent April. That's not encouraging news from Friday's monthly jobs report from the Bureau of Labor Statistics.

On the other hand, again with the mixed readings, consumers who expect there will be more jobs in the months ahead rose to 14.2 percent from 13.0 percent and those expecting fewer jobs fell to 22.4 percent from 26.0 percent.

Meanwhile, what analysts consider a key barometer of the economy, the Chicago Purchasing Manager Index or Chicago PMI, took a dive of 3.4 points to 49.0. Anything below 50 means contraction. The April drop follows on a drop in March of 4.4 points. On the other hand, which ought to qualify as the most common introductory phrase on the economy these days, new orders were up two-tenths of a percent. That offers some hope that the Chicago PMI will not remain in negative territory.

Intro

You must enter an Intro for your Diary Entry between 300 and 1150 characters long (that's approximately 50-175 words without any html or formatting markup).

Extended (Optional)

EMAIL TO A FRIEND X
Your Email has been sent.