Consumer confidence rebounds in March

March 31, 2015 2:29 PM

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Consumer confidence bounced back smartly in March after slipping the previous month, edging back to a 7 1/2 year high.

A closely watched index of consumers' outlook increased to 101.3 from an upwardly revised 98.8 in February, the Conference Board said Tuesday, rising on a more optimistic outlook for next six months. The measure hit 103.8 in January, highest since August 2007.

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