Wood News

Consumer confidence rises in March to its highest level since early 2008

PORTLAND, OR , April 14, 2014 (RISI) - 

The Conference Board Consumer Confidence Index rose to 82.3 in March, up from 78.3 in February and to its highest reading since January 2008. The Present Situation Index edged down to 80.4 from 81.0, while the Expectations Index increased to 83.5 from 76.5.

Consumers' assessment of current conditions was little changed in March. Those claiming business conditions are "good" increased to 22.9% from 21.2%; however, those claiming business conditions are "bad" also rose, to 23.2% from 22.0%. Consumers' appraisal of the labor market was relatively unchanged. Those claiming jobs are "plentiful" decreased marginally to 13.1% from 13.4%, while those saying jobs are "hard to get" increased slightly to 33.0% from 32.4%.

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