US consumer confidence decreased slightly in March, with the Expectations Index falling from 76.3 to 73.8.
US consumer confidence dipped slightly in March, according to the Conference Board's Consumer Confidence Index, which came in at 104.7, down from the revised 104.8 in February. The 'Present Situation Index' increased from 147.6 in February to 151 in March, but the 'Expectations Index' fell from 76.3 in February to 73.8 in March, indicating a more pessimistic outlook on the future. Economists believe that the relationship between consumer sentiment and real consumer spending is loose, especially in the near-term, and that the labor market, real disposable income, and household net worth have a more significant impact on consumer behavior.
March 26, 2024
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