US March consumer confidence index hit a 16-year high
US consumer confidence index rose to more than 16-year high in March, while the labor market is optimistic; February commodity trade deficit narrowed sharply, indicating that the economy in the beginning of the year after the crash hit the kinetic energy.
Tuesday's other data show that housing prices rose further in January, highlighting the strong US economic fundamentals. Consumer confidence, and rising home prices, suggesting that the recent loss of consumer spending has slowed down or is a short-lived phenomenon.
"We believe that real consumption will move forward steadily," said Daniel Silver, an analyst at New York's JPMorgan Chase. "Recent spending data may seem to be constrained by short-term factors associated with delays in certain modest climate and tax rebate issuance "
The World Conference on Consumer Confidence jumped 9.5 points to 125.6, the highest level in December 2000, the Conference Board said. March consumer evaluation of the current business and labor market situation improved significantly.
Consumers also expect income to rise. The so-called job market differences in the survey were the strongest since 2001. The differences in job market were calculated from two respondents who thought it was difficult to find a job and who considered a large number of jobs.
This indicator is closely related to the unemployment rate in the employment report of the Ministry of Labor. The data are in line with the continued decline in the job market, which is close to full employment.
US dollar index rose, the US bond prices fell slightly. US stocks rose, which Dow Jones industrial average or the end of the eighth day fell.
Last year in November Trump won the election, consumer and business confidence are up. The Trump government is committed to implementing favorable corporate policies, including tax cuts and deregulation.
World Expo said the results of the investigation deadline for the March 16. The investigation was preceded by a Republican failure to pass the Medicare program, and the failure was a political setback for Trump.
Tuesday's other data show that housing prices rose further in January, highlighting the strong US economic fundamentals. Consumer confidence, and rising home prices, suggesting that the recent loss of consumer spending has slowed down or is a short-lived phenomenon.
"We believe that real consumption will move forward steadily," said Daniel Silver, an analyst at New York's JPMorgan Chase. "Recent spending data may seem to be constrained by short-term factors associated with delays in certain modest climate and tax rebate issuance "
The World Conference on Consumer Confidence jumped 9.5 points to 125.6, the highest level in December 2000, the Conference Board said. March consumer evaluation of the current business and labor market situation improved significantly.
Consumers also expect income to rise. The so-called job market differences in the survey were the strongest since 2001. The differences in job market were calculated from two respondents who thought it was difficult to find a job and who considered a large number of jobs.
This indicator is closely related to the unemployment rate in the employment report of the Ministry of Labor. The data are in line with the continued decline in the job market, which is close to full employment.
US dollar index rose, the US bond prices fell slightly. US stocks rose, which Dow Jones industrial average or the end of the eighth day fell.
Last year in November Trump won the election, consumer and business confidence are up. The Trump government is committed to implementing favorable corporate policies, including tax cuts and deregulation.
World Expo said the results of the investigation deadline for the March 16. The investigation was preceded by a Republican failure to pass the Medicare program, and the failure was a political setback for Trump.