Consumer Confidence Highest In A Year

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Talk markets: The headline number of 109.7 was an increase of 19.3 from the final reading of 90.4 for February. This was above the Investing.com consensus of 96.9.

” …You earn wages, only to put them in a purse with holes in it.” Haggai 1:6

“Consumer Confidence increased to its highest level since the onset of the pandemic in March 2020,” said Lynn Franco, Senior Director of Economic Indicators at The Conference Board. “Consumers’ assessment of current conditions and their short-term outlook improved significantly, an indication that economic growth is likely to strengthen further in the coming months. Consumers’ renewed optimism boosted their purchasing intentions for homes, autos and several big-ticket items.

However, concerns of inflation in the short-term rose, most likely due to rising prices at the pump, and may temper spending intentions in the months ahead.” Read more

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