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Consumers confident but wary about the economy

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Shoppers walk down a street in the Soho neighborhood of New York City. Consumers are moderately confident about the economy, but remain wary, a new survey shows.

American consumers were just as leery about the economy in April as they were in March, but at least their confidence didn't drop, according to a widely-watched survey released Tuesday.

The Conference Board reported that its Consumer Confidence Index remained virtually steady this month, coming in at 69.2 versus 69.5 in March. That's well below the 90 that's needed to indicate a healthy economy. It's also below the 70 that economists were expecting, The Associated Press reported, but well above the low of 40 it hit last October.

"Overall, consumers are more upbeat about the state of the economy, but they remain cautiously optimistic,” said Lynn Franco, director of The Conference Board Consumer Research Center.

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