U.S. consumer confidence fell in March after hitting a three-year high in the prior month as expectations about jobs and income growth worsened, according to a private sector report released on Tuesday. Get the full story »
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Consumer confidence rebounds to 52.5 in March
(David McNew/Getty Images)
Associated Press | Americans’ confidence in the economy rebounded in March after a February
plunge, but shoppers still remain cautious, according to a private
research group’s monthly survey released Tuesday.
The Conference Board’s Consumer Confidence Index rose to 52.5 in March,
recovering about half of the nearly 11 points it lost in February.
Analysts were expecting a reading of 50 for March. February’s 46.4
marked the lowest level since April 2009 and erased three consecutive
months of improvement.
