US Consumer Demand up – but still in negative territory

The March data shows a fairly strong upturn in the monthly CDI to – 11 from – 37 in February. However the three months moving average only improves marginally from – 26 to – 25 and in order to see a real turnaround the moving aver-age has to be in positive territory three months in a row, so there is still some way to go. The up-turn in the March index is driven primarily by a higher demand for durables, clothing and food. The demand for cars and PC’s is only marginally up.
Data for March were collected from 25th to 29th of March.
 
For full background and details you need to be a subscriber to the US Consumer Demand Index.