U.S. consumer confidence vaults to 14-month high in April

FILE PHOTO: A man shops, during the coronavirus disease (COVID-19) pandemic, on 5th Avenue in New York, U.S., February 17, 2021. REUTERS/Brendan McDermid

WASHINGTON (Reuters) – U.S. consumer confidence jumped to a 14-month high in April as increased vaccination against COVID-19 and additional fiscal stimulus allowed for more services businesses to reopen, boosting demand and hiring by companies.

The Conference Board said on Tuesday its consumer confidence index raced to a reading of 121.7 this month. That was the highest level since February 2020, just before the onset of the COVID-19 pandemic, and followed a reading of 109.0 in March. Economists polled by Reuters had forecast the index increasing to a reading of 113.0 in April.

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