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Consumer confidence rises

April 28, 2009

The Conference Board's consumer confidence index rose in April to its highest reading so far this year, the organization reported today. The index increased to 39.2 in April (1985=100), up from 26.9 in March.

"Consumer Confidence rose in April to its highest reading in 2009, driven primarily by a significant improvement in the short-term outlook," said Lynn Franco, director of The Conference Board consumer research center.

The index is based on a survey of 5,000 U.S. households.