Daily News
From Home Furnishing Business
March Consumer Confidence Rebounds
April 1,
2015 by in Economic News, Industry 
U.S. consumer confidence made a strong comeback in March buoyed by optimism over the labor market and recent increases in housing prices.
The Conference Board said its consumer confidence index starts at 101.3, up from 98.8 in February. The expectations index increased from 90 in February to 96 in March.
“Consumer confidence improved in March after retreating in February,” said Lynn Franco, director of economic indicators at the Conference Board. “This month’s increase was driven by an improved short-term outlook for both employment and income prospects; consumers were less upbeat about business conditions. Consumers’ assessment of current conditions declined for the second consecutive month, suggesting that growth may have softened in Q1, and doesn’t appear to be gaining any significant momentum heading into the spring months.”