USA: consumer confidence dips slightly in March

(CercleFinance.com) - Consumer confidence in the United States worsened slightly in March, according to the Conference Board's monthly survey published on Tuesday.


The confidence index calculated by the employers' organization stood at 104.7 this month, compared with 104.8 in February, as favorable perceptions of the current economic situation were more than overshadowed by growing anxiety about the future.

While the consumer judgment component measuring the current situation improved to 151 from 147.6 last month, the expectations component fell sharply to 73.8 from 76.3 in February.

The ConfBoard reminds us that an expectations sub-index below the 80-point threshold is often a harbinger of a coming recession.

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