March Consumer Confidence Index Highest Since Before Pandemic
Consumer intentions to buy new TV sets increased slightly in March from February, according to preliminary Conference Board data released Tuesday. Nielsen canvassed 5,000 U.S. homes through March 19, finding 10.8% plan to buy a new TV in the next…
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six months, up from 10.4% in February but down from 11.1% in January and 11.7% in March 2020. Consumer confidence in March surged to its highest reading since the pandemic began a year ago, said the board: “Consumers’ assessment of current conditions and their short-term outlook improved significantly, an indication that economic growth is likely to strengthen further in the coming months. Consumers’ renewed optimism boosted their purchasing intentions for homes, autos and several big-ticket items.”