Reflecting an uptick in consumer expectations, the Conference Board released a report on Tuesday unexpectedly showing a slight improvement in U.S. consumer confidence in the month of March. The Conference Board said its consumer confidence index inched up to 104.2 in March from an upwardly revised 103.4 in February.
The uptick by the headline index came as the expectations index rose to 73.0 in March from an upwardly revised 70.4 in February. Meanwhile, the report showed the present situation index dipped to 151.1 in March from an upwardly revised 153.0 in the previous month.
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