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Conference Board Confidence Unexpectedly Jumped Amid War In March
Conference Board Confidence Unexpectedly Jumped Amid War In March
Despite war (and rising gas prices) now on respondents' minds (the survey period for preliminary results was March 1 to 24), it is perhaps surprising that The Conference Board's Consumer Confidence rose more than expected in March (from 91.0 to 91.8), considerably better than the 87.9 expected.
Even more intriguing, the Present Situation rose from 120.0 to 123.3 (118 exp) while Expectations fell from 72.0 to 70.9 (68.4 exp)
Source: Bloomberg
Among demographic groups, confidence on a six-month moving average basis continued to moderate...
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