The U.S. economy is feeling much better in recent weeks with businesses benefiting from strength in the auto and housing markets, former GE chief executive and management expert Jack Welch said Wednesday.
"We know the consumer has more money now, whether it's gas prices or a little better employment levels," said Welch. "You're getting strength in autos. You're getting some real strength in housing. The housing thing spills off to so many different businesses."
In his capacity as a senior advisor to the private equity group Clayton Dubilier & Rice, Welch said he just finished two days of reviewing businesses and "things are looking up."
Clayton's lawn care and landscaping firms are getting a bump on stronger housing, while industrial companies are "living off a stronger auto book," he told CNBC's "Squawk Box."
"There's clearly a pocket of change, particularly in the last couple of weeks in February and the first couple of weeks in March. It's that recent. It feels a lot better. There's no question about it," Welch said.