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US consumer confidence rebounds in Mar-2010

31-Mar-2010 9:40 AM

The Conference Board announced (30-Mar-2010) its US Consumer Confidence Index rebounded in Mar-2010 to 52.5, after decreasing to 46.4 in Feb-2010. The Consumer Confidence Survey is based on a representative sample of 5,000 US households. [more]

The Conference Board: "Consumer confidence, which had declined sharply in February, managed to recoup most of the loss in March. However, despite this month’s increase, consumers continue to express concern about current business and labor market conditions. And, their outlook for the next six months is still rather pessimistic. Overall, consumer confidence levels have not changed significantly since last spring," Lynn Franco, Director Consumer Research Center. Source: The Conference Board, 30-Mar-2010.