FOREX TradingCharts.com

Financial News: U.S. Consumer Confidence Unexpectedly Jumps To 16-Year Hig

U.S. Consumer Confidence Unexpectedly Jumps To 16-Year High In March

03/28/2017 - 10:53:00 (RTTNews)

(RTTNews) - Consumer confidence in the U.S. unexpectedly improved in the month of March, according to a report released by the Conference Board on Tuesday.

The Conference Board said its consumer confidence index jumped to 125.6 in March from a revised 116.1 in February.

The increase surprised economists, who had expected the index to dip to 113.8 from the 114.8 originally reported for the previous month.

With the unexpected increase, the consumer confidence index climb to its highest level since reaching 128.6 in December of 2000.

"Consumers' assessment of current business and labor market conditions improved considerably," said Lynn Franco, Director of Economic Indicators at The Conference Board. "Consumers also expressed much greater optimism regarding the short-term outlook for business, jobs and personal income prospects."

She added, "Thus, consumers feel current economic conditions have improved over the recent period, and their renewed optimism suggests the possibility of some upside to the prospects for economic growth in the coming months."

The Conference Board said the present situation index rose to 143.1 in March from 134.4 in February, while the expectations index increased to 113.8 from 103.9.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Consumer Sentiment Nearly Unchanged In April (09 hr(s), 08 min(s), 51 sec(s) ago)
(RTTNews) - After initially reporting an improvement in U.S. consumer sentiment in the month of Ap ...Full Story»

Chicago Business Barometer Unexpectedly Indicates Faster Growth In April (09 hr(s), 28 min(s), 51 sec(s) ago)
(RTTNews) - A report released by MNI Indicators on Friday showed an unexpected acceleration in the ...Full Story»

Eurozone Inflation Climbs To ECB Target (09 hr(s), 53 min(s), 51 sec(s) ago)
(RTTNews) - Eurozone inflation accelerated more-than-expected in April, returning within the Europ ...Full Story»

U.S. Economic Growth Slows More Than Expected In Q1 (10 hr(s), 33 min(s), 51 sec(s) ago)
(RTTNews) - Economic growth in the U.S. slowed by more than anticipated in the first three months ...Full Story»

ECB Forecasters Revise Up Growth & Inflation Expectations (10 hr(s), 49 min(s), 51 sec(s) ago)
(RTTNews) - Professional forecasters expect euro area consumer prices to rise faster than earlier ...Full Story»

UK Growth At 1-Year Low As 'Brexit' Weighs On Spending (10 hr(s), 59 min(s), 51 sec(s) ago)
(RTTNews) - The U.K. economy expanded the least in a year at the start of 2017, reflecting a notab ...Full Story»

U.S. GDP Increases Less Than Expected In Q1 (11 hr(s), 06 min(s), 51 sec(s) ago)
(RTTNews) - Economic growth in the U.S. slowed by more than anticipated in the first three months ...Full Story»

Sweden Retail Sales Growth Eases Unexpectedly (11 hr(s), 26 min(s), 51 sec(s) ago)
(RTTNews) - Sweden's retail sales growth eased unexpectedly in March, after accelerating in th ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Nearly Unchanged In April

04/28/2017 - 10:35 AM (RTTNews)
(RTTNews) - After initially reporting an improvement in U.S. consumer sentiment in the month of Ap ...Full Story>>

Chicago Business Barometer Unexpectedly Indicates Faster Growth In April

04/28/2017 - 10:15 AM (RTTNews)
(RTTNews) - A report released by MNI Indicators on Friday showed an unexpected acceleration in the ...Full Story>>

Eurozone Inflation Climbs To ECB Target

04/28/2017 - 09:50 AM (RTTNews)
(RTTNews) - Eurozone inflation accelerated more-than-expected in April, returning within the Europ ...Full Story>>

U.S. Economic Growth Slows More Than Expected In Q1

04/28/2017 - 09:10 AM (RTTNews)
(RTTNews) - Economic growth in the U.S. slowed by more than anticipated in the first three months ...Full Story>>

ECB Forecasters Revise Up Growth & Inflation Expectations

04/28/2017 - 08:54 AM (RTTNews)
(RTTNews) - Professional forecasters expect euro area consumer prices to rise faster than earlier ...Full Story>>
These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.