U.S. consumer confidence slipped in March after rising in February, the Conference Board said Tuesday. The index has now dropped in four of the past five months. In March, the index fell sharply, falling from 68 to 59.7. The index is a comparison from 1985, which was assigned the value of 100. Economists had expected the confidence index to hold at 68. In March, 16 percent of respondents to a survey that involves more than 5,000 households indicated they believed business conditions were "good," down from 17.6 percent in February. Responses indicating a belief that business conditions were "bad" rose from 28.2 in February to 29.3 in March. The percentage of respondents indicating jobs were "plentiful," fell from 10.1 percent to 9.4 percent, while those indicating jobs were difficult to get fell from 36.9 percent to 36.2. Conference Board Director of Economic Indicators Lynn Franco said the austerity budget in Washington has had its impact on consumer confidence. "The recent sequester has created uncertainty regarding the economic outlook and as a result, consumers are less confident." Franco said.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor