Day by Day

Friday, March 11, 2005

Consumer Confidence Jumps Sharply in March

Good news, economically speaking.

Consumer confidence, which had plunged sharply in February, jumped by the largest amount in seven months in early March as Americans were heartened by a big surge in hiring.

The AP-Ipsos consumer confidence index rose to 84.2 in early March, a gain of 6.4 percent from a February reading of 79.1. It was the largest one-month gain since a 13.9 percent rise last August.

The March rebound came from stronger confidence about current economic conditions, job prospects and personal finances. The survey was taken the first three days of this week, following the news last Friday that the economy created 262,000 jobs last month, the best showing in four months.
Yahoo! News - Consumer Confidence Jumps Sharply in March

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