homepage home
subscribe to Mountainstates Construction magazine subscribe
newsletters free e-newsletter
industry jobs industry jobs
Dodge Data & Analytics
Mountainstates Construction Logo
Order Your RISK FREE Subscription

Consumer Confidence Index Declines 8 Points in March

Text size: A A

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.

----- Advertising -----

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.

“The sharp decline in confidence was prompted by a sharp decline in expectations,” said Lynn Franco, director of The Conference Board Consumer Research Center. “Consumers’ inflation expectations rose significantly in March and their income expectations soured, a combination that will likely impact spending decisions. On the other hand, consumers’ assessment of current conditions improved, indicating that while the short-term future may be uncertain, the economy continues to expand.”

Consumers’ assessment of current conditions improved in March. Those claiming business conditions are “good” increased to 15.1% from 12.4%, while those claiming business conditions are “bad” decreased to 37% from 39.3%. Consumers’ appraisal of the job market, however, was slightly less favorable than in February. Those saying jobs are “hard to get” edged up to 44.6% from 44.4%, while those stating jobs are “plentiful” dipped to 4.4% from 4.9%.

Consumers’ short-term outlook was considerably less favorable than in February. The proportion of consumers expecting business conditions to improve over the next six months declined to 20.6% from 25.2%, while those anticipating business conditions will worsen increased to 16.2% from 10.3%. Consumers were also more downbeat about the labor market. Those expecting more jobs in the months ahead declined to 19.9% from 21.2%, while those anticipating fewer jobs rose to 20.7% from 15%. The proportion of consumers expecting an increase in their incomes declined to 15.3% from 17.4%.


----- Advertising -----
Reader Photos
Photos from ENR Mountain States Photo Showcase
Dodge Lead Center
Search for local construction projects OR CALL 877-234-4246 and get a FREE Lead Now!
Search by Project Type & State

----- Advertising -----
 Reader Comments:

Sign in to Comment

To write a comment about this story, please sign in. If this is your first time commenting on this site, you will be required to fill out a brief registration form. Your public username will be the beginning of the email address that you enter into the form (everything before the @ symbol). Other than that, none of the information that you enter will be publically displayed.

We welcome comments from all points of view. Off-topic or abusive comments, however, will be removed at the editors’ discretion.