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March 28, 2006
Consumer Confidence Hits 4-Year High
U.S. consumer confidence surged in March to reach a four-year high, The Conference Board said Tuesday.
Consumers perceived a strong economic start to 2006, after a lackluster finish to 2005.
The March index for consumer confidence came in at 107.2, compared to 102.7 for the previous month, beating analysts’ expectations.
Despite the confident start, economists predict that consumer sentiment will cool later in the year as the economy settles into a more steady growth rate.
Posted by Blacks on March 28, 2006 08:56 AM
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