The Conference Board Consumer Confidence Index increased to 125.6 in March, up 9.5 points from February. The Present Situation Index rose 8.7 points to 143.1, while the Expectations Index jumped 9.9 points to 113.8.
Consumers’ labor market outlook was more upbeat during March. The percentage of consumers expecting more jobs in the coming months increased from 20.9% to 24.8%, while the share anticipating fewer jobs declined from 13.6% to 12.2%. Income expectations also improved, as 21.5% of consumers expected their incomes to increase in coming months, up from 19.2% February.
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