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The main index measuring consumer confidence in the United States rose during the month of March to its highest levels in 32 months, as Americans expressed more confidence that inflation will calm and ease financial pressures on families.
Data from the American University of Michigan revealed, on Thursday, that the second reading of the Consumer Confidence Survey rose to 79.4 points from 76.5 points in the initial reading, bringing the index to the highest level since July 2021, but it is still far from the pre-Corona epidemic peak of 101 points.
The sub-index of consumer confidence in the current state of the economy rose to 82.5 points, also recording the highest reading since July 2021, and the index of expectations for the next six months rose to the highest level in two and a half years at 77.4 points.
Joan Hsu, supervisor of the survey conducted by the University of Michigan, said: “Consumers in the United States showed confidence that inflation will continue to decline, and assessments and expectations related to personal finance improved modestly compared to last month, with the expected negative effects of rising prices and expenditures on living standards declining.” “.
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#global economy
2024-03-28 17:22:33
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