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Economic Buzz: US consumer confidence tumbles in March
26-Mar-2025 08:50
Consumer confidence in the U.S. deteriorated by more than expected in the month of March, according to a report released by the Conference Board on Tuesday.

The Conference Board said its consumer confidence index tumbled to 92.9 in March from an upwardly revised 100.1 in February.

The steep drop by the headline index partly reflected a significant deterioration by consumer expectations, as the expectations index plunged to 65.2 in March from 74.8 in February.

The Conference Board noted the expectations index dove to its lowest level in 12 years and fell well below the threshold of 80 that usually signals a recession ahead.

The present situation index, which is based on consumers' assessment of current business and labor market conditions, showed a more modest decrease, sliding to 134.5 in March from 138.1 in February.

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