U.S. Conference Board Consumer Confidence Index surged in March
The Index now stands at 109.7 (1985=100), up from 90.4 in February.
The Present Situation Index—based on consumers' assessment of current business and labor market conditions—climbed from 89.6 to 110.0.
The Expectations Index—based on consumers' short-term outlook for income, business, and labor market conditions—also improved, from 90.9 last month to 109.6 in March. ■