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The Conference Board Consumer Confidence Index, which had decreased in February, rebounded in March and now stands at 52.5 (1985=100), up from 46.4 in February, the Conference Board reported.

The Present Situation Index increased to 26.0 from 21.7 last month, and the Expectations Index improved to 70.2 from 62.9 in February, the Consumer Confidence Survey found.

"Consumer confidence, which had declined sharply in February, managed to recoup most of the loss in March," said Lynn Franco, director of The Conference Board Consumer Research Center.

"However, despite this month's increase, consumers continue to express concern about current business and labor market conditions. And, their outlook for the next six months is still rather pessimistic. Overall, consumer confidence levels have not changed significantly since last spring."

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Consumer Confidence Rebounds in March

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