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HUGE BEAT: CONSUMER CONFIDENCE SURGES

Sam RoMar 29, 2013, 19:27 IST

APPelinka playing at Michigan in 1992The latest reading of consumer confidence is encouraging.

The University of Michigan confidence index jumped to 78.6 in March from a preliminary reading of 71.8.

Economists were looking for a reading of 72.6.

Today's report effectively nullifies the preliminary report.

In case you forgot, economists initially expected a March reading of 78.0, down from 77.6 in February.