Economy
March 25, 2014
Written by Peter Wright
The consumer confidence index increased by 4.0 in March driven by an increase of 7.0 in the expectations component and a decline of 0.6 in the consumer’s view of the present situation. The three month moving average (3MMA) of both the present view and expectations components increased which caused the 3MMA of the composite to rise by 1.6 to 80.0 (Figure 1).
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