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
Saudi Arabia posts budget deficit of US$3.3 billion in first quarter
Top US Treasury official to travel to Singapore, Malaysia to discuss sanctions
Microsoft bets big on South-east Asia, pledges billions in AI and cloud investments
The crown jewel of China-Singapore relations: Suzhou Industrial Park celebrates 30 years
RBA to keep key rate at 12-year high as inflation stirs anew
EU chief says will urge ‘fair’ China competition in talks with Xi