Consumer confidence index reaches 109.7, the United States may usher in a shopping boom

As Americans become more optimistic about the economy and the labor market, the consumer confidence index of Americans surged in March, which may bring another spring to the development of e-commerce.

After a small increase in February, the U.S. consumer confidence index rose to its highest level in a year in March. The index is now 109.7, up from 90.4 in February. This is due to an improvement in the index of consumers' expectations about the short-term outlook for income, business and labor market conditions, suggesting that economic growth may strengthen further in the coming months.

In fact, consumers have regained optimism, which has prompted them to buy houses, cars and some big-ticket items. However, some people say that inflation may occur in the short term due to rising gasoline prices, which is likely to weaken consumers' spending intentions in the coming months.

Consumers' assessments of current conditions improved significantly in March. The percentage of consumers stating that business conditions were "good" increased to 18.5% from 16.1%, while the percentage stating that business conditions were "poor" decreased to 30.5% from 39.7%.

In addition, consumers' evaluations of the labor market also improved. The proportion of consumers who said jobs were "abundant" increased from 21.6% to 26.3%, while the proportion of consumers who said jobs were "hard to get" decreased from 22.4% to 18.5%.

Overall, consumers became much more optimistic about the short-term outlook. The percentage of consumers expecting business conditions to improve over the next six months rose to 40.8% from 30.7%. The percentage expecting business conditions to deteriorate fell to 11.0% from 17.7%.

Consumers also had a more optimistic outlook on the job market. The share expecting more job openings in the coming months increased to 36.1% from 27.4%, while those expecting fewer jobs decreased to 13.4% from 21.3%. Regarding short-term income prospects, 15.5% of consumers expect their income to increase in the next six months, up from 14.8% in February. However, 13.3% expect their income to decrease, up slightly from 12.9% last month.

Consumers' optimistic thinking will also have a certain impact on the US economy. Sellers also need to pay attention to selecting products and improving consumers' shopping experience in order to achieve a surge in orders.

USA

March

Confidence Index