Consumer confidence rebounds to 52.5 in March

NEW YORK - March 30, 2010

The Conference Board's Consumer Confidence Index rose to 52.5 in March, recovering about half of the nearly 11 points it lost in February. Analysts were expecting a reading of 50 for March.

February's 46.4 marked the lowest level since April 2009.

A reading of 90 would indicate a healthy economy.

Economists watch the number closely because consumer spending, including health care and other major items, accounts for about 70 percent of U.S. economic activity.

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