WASHINGTON, March 25 (Reuters) – U.S. consumer confidence surged to a six-year high in March and house prices increased solidly in January, positioning the economy for stronger growth after a weather-induced soft spot.
The upbeat outlook, however, was dimmed somewhat by other data on Tuesday showing new home sales at a five-month low in February, partly because of cold temperatures.
‘The economy is showing signs of shaking off the weather effect. We are going to get a big lift to second-quarter growth from the weather,’ said Ryan Sweet, a senior economist at Moody’s Analytics in West Chester Pennsylvania.
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