NEW YORK, April 7 (UPI) -- U.S. consumer confidence has stabilized after taking a deep dive in March 2006, a Royal Bank of Canada study found.
The RBC Cash Index, which measured the attitudes of 1,003 U.S. residents this week, found that consumers' lower confidence levels regarding investing and current economic conditions were offset by an increase in their expectations for the future and continued optimism regarding job security.
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As a result, the index for April rose to 89.4 from March's 86.2, the bank said Friday.