US Consumer Confidence Explodes Higher In March

After a mixed picture in February (expectations down, current conditions up), analysts expected a big jump in Conference Board Consumer Confidence in March… and they got it.

March Consumer Confidence exploded from 90.4 (revised lower) in Feb to 109.7 in March – the highest since March 2020.

The underlying components also smashed expectations:

• Present situation confidence rose to 110.0 vs. 89.6 last month.

• Consumer confidence expectations rose to 109.6 vs. 90.9 last month – highest since July 2019

Source: Bloomberg

Still, putting these levels in context, they are still dramatically below the pre-COVID levels of confidence…

Source: Bloomberg

Maybe with just a few more trillion dollars of helicopter cash, that Main Street confidence will catch up?