The Conference Board, monthly Consumer Confidence Index recorded a sharp increase during March.  The Index advanced from 90.4 in mid-February to 109.7 in mid -March (based on a 1985 level of 100).  The Present Situation Index based on current business and labor market conditions increased from 90 to 110.  The Expectations Index improved from 91 to 110 for March.

Lynn Franco, Senior Director of Economic Indicators at the Conference Board, noted “Consumer confidence increased to its highest level since the onset of the pandemic in March 2020.”

Impact of COVID in 2020 on Consumer Confidence