Consumer Confidence Hits Highest Level Since Jan. 2008
Source: USA TODAY
Nanci Hellmich, USA TODAY 11:02 a.m. EDT March 25, 2014
Consumer confidence jumped in March as people were more upbeat about future job prospects.
The Conference Board Consumer Confidence Index rose to 82.3, up from 78.3 in February. It's the first reading above 82 since last June, and the highest reading since January 2008.
"Consumer confidence improved in March, as expectations for the short-term outlook bounced back from February's decline," said Lynn Franco, director of economic indicators at The Conference Board, a business membership and research association. "While consumers were moderately more upbeat about future job prospects and the overall economy, they were less optimistic about income growth.
"Overall, consumers expect the economy to continue improving and believe it may even pick up a little steam in the months ahead," Franco says.
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http://www.usatoday.com/story/money/business/2014/03/25/consumer-confidence-index-march/6831621/