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U.S. Consumer Confidence Drops
Americans are less upbeat about the economy this month than they were in February, according to the New York City-based Conference Board.
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Americans are less upbeat about the economy this month than they were in February, according to the New York City-based Conference Board.
The research group's consumer confidence index tumbled to 59.7 from a revised three-month high of 68 last month. Measures of sentiment about present and future conditions also fell.
The Conference Board says uncertainty about the U.S. federal budget is making consumers uneasy.
The percentage of survey respondents who expect job availability to improve in the next six months slid to 12.3% in March from 16.1% the previous month. The share of consumers who say their income will grow fell more than two points month over month to 13.7%.
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