Consumer Confidence Index Declines 8 Points in March
The Conference Board Consumer Confidence Index®, which had increased in February, declined in March. The index now stands at 63.4 (1985=100), down from 72 in February. The Present Situation Index improved to 36.9 from 33.8. The Expectations Index decreased to 81.1 from 97.5 last month.
The monthly Consumer Confidence Survey®, based on a probability-design random sample, is conducted for The Conference Board by The Nielsen Co., a global provider of information and analytics around what consumers buy and watch. The cutoff date for March’s preliminary results was March 16.