Consumers more upbeat about economy and jobs
March consumer confidence rose to 96.2 from a revised 94 reading in February
Washington
CONSUMER confidence rebounded more than forecast in March as American households grew more upbeat about prospects for the labour market and economy.
The Conference Board's sentiment index rose to 96.2 this month from a revised 94 reading in February that was higher than previously reported, the New York-based private research group said on Tuesday. Employment opportunities and a rebound in stock prices boosted optimism enough this month to overcome rising gasoline prices. Greater wage gains would probably help propel confidence further and make consumers more comfortable about boosting their spending after a weak start to the year.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Eurozone business activity grows at fastest pace in almost a year, PMI shows
China May Day holiday spending delivers mixed picture on post-Covid recovery
India's national election hits central bank with liquidity dilemma
China builder Vanke tells investors it readied money to pay bond
Eurozone at turning point needs consumers to get out and spend
Chinese tariffs could leave cognac makers with too much brandy