US Consumer Confidence Explodes Higher In March
After a mixed picture in February (expectations down, current conditions up), analysts expected a big jump in Conference Board Consumer Confidence in March… and they got it.
March Consumer Confidence exploded from 90.4 (revised lower) in Feb to 109.7 in March – the highest since March 2020.
The underlying components also smashed expectations:
Present situation confidence rose to 110.0 vs. 89.6 last month.
Consumer confidence expectations rose to 109.6 vs. 90.9 last month – highest since July 2019
Still, putting these levels in context, they are still dramatically below the pre-COVID levels of confidence…
Maybe with just a few more trillion dollars of helicopter cash, that Main Street confidence will catch up?
Tue, 03/30/2021 – 10:04