US March consumer confidence data from The Conference Board
- Prior was 91.3
- Expectations 109.6 vs 90.9 prior
- Present situation 110.0 vs 89.6 prior
- Jobs hard-to-get 18.5 vs 22.4 prior
- Full report
This survey was at 132 in the month before the pandemic — still a long ways to go — but this is a big beat.
Politics plays a big part in this survey so it’s not a great overall reading on the economy but the stimulus checks and the vaccine rollout are a big help. In some other countries, confidence surveys are at record highs and I think we could be headed there in the US as well. Sentiment is going to be rosy this summer.