Consumer confidence is on the rise, according to The Conference Board which reported that its Consumer Confidence Index® rose 9.5 points in March. The index now stands at its highest level since December 2000. In addition, Americans’ assessment of present conditions, their expectations for the next six months and their outlook for the labor market also rose.
“Consumers’ assessment of current business and labor market conditions improved considerably. Consumers also expressed much greater optimism regarding the short-term outlook for business, jobs and personal income prospects,” said Lynn Franco, director of economic indicators at The Conference Board. “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.” Call Carlos Machado in the Princeton office for the most up to date mortgage information available. 609-921-1900