Consumer confidence slipped, but remains high
Modest increase follows March's strong results
Sales of used cars and trucks slumped for the fourth straight month
Personal income growth increased by 0.5%
Sales at gas stations increased by 6%
Jump suggests economy had solid momentum going into the April-June quarter
This was the first increase since October, but it likely won’t boost Q1 GDP above 1.5%
Roughly 70% of all economic activity comes from consumers
The Conference Board's consumer confidence index fell to 124.1 in March from 131.4 in February
The savings rate jumped significantly, though, in a rough month for equities