Households steadied their confidence in March—reinforcing the outlook for a steady pace of spending despite domestic and global disruptions, according to the latest U.S. confidence measures.
The mood measures have been bolstered by an improvement in consumer confidence focused in future expectations, which has rebounded from February as the stock market recovered from mid-February lows.
Households have been more resilient in terms of their confidence in the current or present situation, which bodes particularly well for the spending outlook.
See the table summary for more detail.
Impact @Work: For more on confidence trends and the outlook for 2016, see the article here.
Copyright © 2016 MacroSavvy LLC. All Rights Reserved
