Consumer confidence rebounds in March, conflicts with last week's data
The March consumer confidence index came in at 52.5, up from 46.4 in February, slightly beating forecasts, the Conference Board said moments ago.
This marks a rebound to January levels, which hit 56.5.
The Conference Board index is one of two prominent monthly measures of consumer confidence, the other being the Reuters/University of Michigan number. That number came out last week and showed essentially no change from February.
So we've got conflicting numbers between the new major indexes. Obviously, each poll has different methodology. The Conference Board's index is based on a monthly survey of 5,000 U.S. households, for instance.
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March 30, 2010; 10:21 AM ET
Categories: The Ticker | Tags: consumer confidence
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