Consumer confidence in the place where the economy heads the lowest level in 12 years

The Conference Council stated on Tuesday that consumer confidence was faint in March, as the point of view of future circumstances decreased to the lowest level in more than a decade.

Council Monthly confidence index From the current circumstances, it decreased to 92.9, a decrease of 7.2 points and the monthly contraction, respectively. The economists surveyed by Dow Jones were looking to read 93.5.

However, the future expectation scale narrated a darker story, as the index decreased 9.6 points to 65.2, which is the lowest reading in 12 years and much less than the 80 level, which is a sign of stagnation in the future.

The index measure the expectations of the respondents for income, business and job.

“The optimism of consumers about future income – which has strongly withstood in the past few months – has been largely, indicating that concerns about the economy and the labor market have begun to spread in consumer assessments of their personal positions,” said Stephanie Gouchard, the chief economist, global indicators in the Conference Council.

The poll comes amid fears of the president Donald TrumpUS imports of definitions, which coincided with the fluctuating stock market and other investigative studies that show decline morale.

The fall of confidence was driven by a decrease in these 55 or larger, but it was published through income groups.

In addition to public pessimism, the stock market look decreased sharply, with only 37.4 % of the respondents expected higher stock prices next year. This represented a 10 -point decrease from February and was the first time that the show has turned into negativity since late 2023.

It also weakened the view of the labor market, as those who expect more jobs be available to 16.7 %, while the number of jobs expected increased to 28.5 %. February readings were 18.8 % and 26.6 %.

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