US consumer confidence improved in March
By Alicia Wallace, CNN
Updated 11:10 AM EDT, Tue March 28, 2023
Minneapolis CNN —
Confidence in the US economy ticked up in March, despite the sudden turmoil in the banking industry, according to the latest report from the Conference Board.
The business group’s Consumer Confidence Index increased to 104.2 in March from an upwardly revised reading of 103.4 the month before.
Economists were expecting a reading of 101, according to Refinitiv.
The March headline index saw a boost from consumers’ improved levels of confidence for the six-month-ahead time frame. The Expectations Index increased to 73 from 70.4 in February, while the Present Situation Index dipped to 151.1 from 153.
Minneapolis CNN —
Confidence in the US economy ticked up in March, despite the sudden turmoil in the banking industry, according to the latest report from the Conference Board.
The business group’s Consumer Confidence Index increased to 104.2 in March from an upwardly revised reading of 103.4 the month before.
Economists were expecting a reading of 101, according to Refinitiv.
The March headline index saw a boost from consumers’ improved levels of confidence for the six-month-ahead time frame. The Expectations Index increased to 73 from 70.4 in February, while the Present Situation Index dipped to 151.1 from 153.
One of the shelter dogs, Joey, at Baypath Humane Society in Hopkinton, MA on April 9, 2021. They are part of an effort to find more foster homes for the animals.
The survey had a cutoff date of March 20, about 10 days after state and federal regulators closed Silicon Valley Bank.
more
https://www.cnn.com/2023/03/28/economy/us-consumer-confidence-march/index.html
