The Conference Board Consumer Confidence Index® Declines - KTEN.com - No One Gets You Closer

The Conference Board Consumer Confidence Index® Declines

  • Texoma Headlines

  • ARDMORE, OK-- With summer quickly approaching, Texoma pools will be opening their doors soon, but the Consumer Product Safety Commission has a warning for parents. Jenny Kassheimer is a mother of 4-year-old
    ARDMORE, OK-- With summer quickly approaching, Texoma pools will be opening their doors soon, but the Consumer Product Safety Commission has a warning for parents. Jenny Kassheimer is a mother of 4-year-old

  • DURANT -- Other than a recent visit, Amber Hart has no ties to Moore, Oklahoma. Still, she says watching the destruction from this week's tornados on television compelled her to help. "I woke up and
    DURANT -- Other than a recent visit, Amber Hart has no ties to Moore, Oklahoma. Still, she says watching the destruction from this week's tornados on television compelled her to help. "I woke up and

  • DENISON, TX -- Since 1990 there has been two Boys and Girls Clubs in Denison with similar goals.Graham Skipsey, the Divisional Director of Boys and Girls Clubs from Dallas, TX says, "Boys and girls club
    DENISON, TX -- Since 1990 there has been two Boys and Girls Clubs in Denison with similar goals. Thursday they became one group.
    •   

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

SOURCE The Conference Board

Index Drops Eight Points

NEW YORK, March 26, 2013 /PRNewswire/ -- The Conference Board Consumer Confidence Index®, which had improved in February, declined in March. The Index now stands at 59.7 (1985=100), down from 68.0 in February. The Present Situation Index decreased to 57.9 from 61.4. The Expectations Index declined to 60.9 from 72.4 last month.

The monthly Consumer Confidence Survey®, based on a probability-design random sample, is conducted for The Conference Board by Nielsen, a leading global provider of information and analytics around what consumers buy and watch. The cutoff date for the preliminary results was March 14.

Says Lynn Franco, Director of Economic Indicators at The Conference Board: "Consumer Confidence fell sharply in March, following February's uptick. This month's retreat was driven primarily by a sharp decline in expectations, although consumers were also more pessimistic in their assessment of current conditions. The loss of confidence, particularly expectations, mirrors the losses experienced this past December and January. The recent sequester has created uncertainty regarding the economic outlook and as a result, consumers are less confident."  

Consumers' appraisal of current conditions declined in March. Those saying business conditions are "good" decreased to 16.0 percent from 17.6 percent, while those stating business conditions are "bad" increased to 29.3 percent from 28.2 percent. Consumers' assessment of the labor market was mixed. Those claiming jobs are "plentiful" decreased to 9.4 percent from 10.1 percent, but those claiming jobs are "hard to get" edged down to 36.2 percent from 36.9 percent.

Consumers are once again pessimistic about the short-term outlook. Those expecting business conditions to improve over the next six months decreased to 14.4 percent from 18.0 percent, while those anticipating business conditions to worsen increased to 18.3 percent from 16.6 percent.

Consumers' outlook for the labor market was also less favorable. Those expecting more jobs in the months ahead declined to 12.3 percent from 16.1 percent, while those expecting fewer jobs increased to 26.6 percent from 22.1 percent. The proportion of consumers expecting their incomes to increase fell to 13.7 percent from 15.8 percent, while those expecting a decrease edged down to 18.0 percent from 19.3 percent. 

Source:
March 2013 Consumer Confidence Survey®
The Conference Board

Follow The Conference Board
Twitter| Facebook| LinkedIn

©2012 PR Newswire. All Rights Reserved.