March Consumer Confidence Rebounds in 2 CTA Indices

Consumer confidence toward the overall economy and tech spending rose in March, after February declines (see 1602230048), CTA said in a Wednesday report. CTA’s index of consumer expectations, which measures consumer sentiment about the U.S. economy as a whole, jumped 6.6 points in March as consumer worries about an economic downturn and the stock markets’ volatility subsided, it said. CTA’s index of consumer technology expectations, which measures consumer expectations about tech spending, increased 1.5 points in March, it said.