Consumer confidence unexpectedly rebounded in the month of March, the Conference Board revealed in a report on Tuesday, with the increase driven by an improved short-term outlook for both employment and income prospects.
The Conference Board said its consumer confidence index jumped to 101.3 in March from an upwardly revised 98.8 in February.
The increase came as a surprise to economists, who had expected the index to edge down to 95.5 from the 96.4 originally reported for the previous month.
The material has been provided by InstaForex Company – www.instaforex.com