U.S. Consumer Confidence Rebounds

Reversing some of the pessimism seen the month before, U.S. consumer confidence rebounded in March.

The Conference Board said its consumer confidence index rose to 52.5 points in March, from a revised figure of 46.4 in February.

In the poll of 5,000 U.S. households, 100 points would signify absolute confidence, while zero represents absolute pessimism.

Consumer spending drives about two-thirds of U.S. economic activity and is considered a key factor in achieving a sustainable recovery from the worst recession in decades.

Copyright Agence France-Presse, 2010