Consumer Confidence Slips in March
Rising gasoline prices and stock market turbulence undermined consumer confidence in March, increasing worries about one of the economy's pillars, a widely watched index showed on Tuesday.
The New York-based Conference Board said that its Consumer Confidence Index fell to 107.2, down from the revised 111.2 in February. Analysts had expected a reading of 109. The March index was the lowest since November 2006 when the reading was 105.3.
"Apprehension about the short-term future has suddenly cast a cloud over consumers' confidence," said Lynn Franco, director of the Conference Board Consumer Research Center, in a statement.
The New York-based Conference Board said that its Consumer Confidence Index fell to 107.2, down from the revised 111.2 in February. Analysts had expected a reading of 109. The March index was the lowest since November 2006 when the reading was 105.3.
"Apprehension about the short-term future has suddenly cast a cloud over consumers' confidence," said Lynn Franco, director of the Conference Board Consumer Research Center, in a statement.
Labels: Consumer Confidence
posted by Stock Administrator @ 12:51 PM
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