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To: patron_anejo_por_favor who wrote (97556)	4/24/2001 10:08:32 AM
From: Ilaine	Respond to of 436258

Huh. Consensus was 112. From Briefing.com: >>Key Factors Decline expected but not enough to leave index below Feb low of 109.2. Expectations rocketed 18% higher in March, partial offset expected. Current conditions pulled in different directions by equity upturn and layoff acceleration, decline expected. Too early to call Feb a bottom, if it is it carries a softer Fed policy outlook. Conference Board's index is more business heavy than the household-heavy Michigan sentiment Big Picture The sharp collapse in the confidence measures accelerated at the turn of the year and may have bottomed in February. The March rebound in the expectations component is particularly encouraging if it can be sustained in coming months. The large early-year declines brought the index to a completely different level and a 5 year low. Recovery will take far longer than the plunge. The sustainability of the March improvement is a chief Fed concern as it suggests a strengthening in consumer attitudes which will be reflected in spending. Our outlook argues for continued weakness given layoffs, equity losses and an economy in or near recession.<< briefing.com