U.S. consumer confidence up for 2nd week-ABC/Money
NEW YORK, March 30 (Reuters) - U.S. consumer confidence improved for the second consecutive week but remains down for the year, a report said on Tuesday.
ABC News and Money Magazine said their weekly Consumer Comfort index rose to -17 in the week to March 28, compared with a reading of -21 in the prior week. In January, the gauge reached -3 before suffering several steep drops in February and March.
Earlier on Tuesday, the Conference Board reported that its widely watched survey of U.S. consumer confidence fell in March due to concerns about low job creation and rising gasoline prices.
According to ABC/Money, Americans in the latest week were more confident about the economy, even though consistent strong growth has been lacking. Thirty-one percent of respondents offered positive opinions, up two percentage points from the previous week.
The index's buying climate component, which measures how conducive the economy is to making purchases, also rose two points, to 39 percent.
The ABC/Money survey was based on 1,000 interviews conducted in the month ending March 28. It has a margin of error of plus or minus three percentage points.
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