US Consumer Confidence index surges

[Chris Burford <cburford@xxxxxxxxxx>]

What went right/wrong?


> The Conference Board said its Consumer Confidence Index surged to 117.0 in
> March from a revised 109.2 in February. That surprised economists who
> expected that falling stock markets and rising corporate layoffs would
> continue to sap the confidence of consumers, whose spending counts for
> about two-thirds of the economy.

> The reading is still some 25 points below the peak levels from last
> summer. But the rise could help give the United States a boost since
> consumer spending fuels about two-thirds of the nation's economy.