Consumer Confidence Jumps Higher in the US
Skerdian Meta•Tuesday, March 30, 2021•1 min read
The consumer confidence turned negative last year during the lock-downs in the US, as it did in most other places. But, it has been improving since then, unlike in Europe where the consumer and investor confidence remained negative until recently.
Today, the US consumer confidence report posted a major jump for this month, which shows that the economic situation in the US is getting even better. This should keep the USD bullish for the coming sessions I assume.
US March consumer confidence data from The Conference Board
- March consumer confidence 109.7 points vs 96.9 expected
- February consumer confidence was 91.3 points
- Expectations 109.6 points vs 90.9 prior
- Present situation 110.0 points vs 89.6 prior
- Jobs hard-to-get 18.5 points vs 22.4 prior
This survey was at 132 in the month before the pandemic — still a long ways to go — but this is a big beat. Politics plays a big part in this survey so it’s not a great overall reading on the economy but the stimulus checks and the vaccine rollout are a big help. In some other countries, confidence surveys are at record highs and I think we could be headed there in the US as well. Sentiment is going to be rosy this summer.
Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
ABOUT THE AUTHOR
See More
Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
Related Articles
Comments
Subscribe
Login
Please login to comment
0 Comments
Oldest
Sidebar rates
Related Posts
Save
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals