Consumer Confidence Increased Slightly in the US

Consumer Confidence Increased Slightly in the US

Consumer confidence increased slightly in March, after a decrease in February. What’s more, 57 percent of consumers said jobs were plentiful, marking a new historical high. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—improved. However, the Expectations Index—based on consumers’ short-term outlook for income, business, and labor market conditions—declined.

These results speak to the resiliency of the American consumer. Confidence continues to hold up despite expectations for inflation and geopolitical uncertainties. These headwinds may persist in the short term and could dampen confidence and cool spending in the months ahead.

 

Read »