Zam-Zam
Senator
Everyone likes good news, right?:
Consumer confidence jumped in March to the highest level in more than 16 years, as Americans grew increasingly upbeat about both present and future conditions, according to a report Tuesday from the New York-based Conference Board.
Key Points
Consumer confidence jumped in March to the highest level in more than 16 years, as Americans grew increasingly upbeat about both present and future conditions, according to a report Tuesday from the New York-based Conference Board.
Key Points
- Confidence index rose to 125.6 (forecast was 114), highest since December 2000, from 116.1 in February
- Present conditions gauge increased to 143.1, strongest since August 2001, from 134.4
- Measure of consumer expectations for the next six months rose to 113.8, highest since September 2000, from 103.9
- Share of those who said more jobs will be available in the coming months increased to 24.8 percent, the highest since November 1983, from 20.9 percent
Optimism for faster economic growth since the election of President Donald Trump, along with rising stocks and steady labor-market gains, have helped push consumer sentiment to fresh highs.
Complete text: https://www.bloomberg.com/news/articles/2017-03-28/u-s-consumer-confidence-rises-to-highest-since-december-2000