Consumer confidence edges up in March

The Reuters/University of Michigan consumer confidence index rose to 56.6 this month, from 56.3 in February.
MAR 13, 2009
The Reuters/University of Michigan consumer confidence index rose to 56.6 this month, from 56.3 in February. In addition, the index of consumer expectations rose to 53, from 50.5 last month. Those surveyed also said that they expected a 2.2% inflation rate over the next year, representing an increase over the 1.9% rate projected last month. Meanwhile, the measurement of whether consumers thought that it was a good time to make large purchases dropped to 62.3, from 65.5, the report said. The survey included responses from about 300 households. Reuters is based in New York, and the University of Michigan is located in Ann Arbor.

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