US consumer confidence declined in March, contrary to forecasts

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In March, the US consumer confidence index, calculated by Conference Board, was 124.1 points, down from 131.4 points in February. Economists had expected the index to rise to 132.5 points. American consumers also worsened their attitude to the current financial situation. The corresponding indicator fell to 160.6 points from 172.8 points. A significant decrease - from 103.8 points to 99.8 points - showed an indicator that defines consumer expectations for the next 6 months. Improvements in market conditions in the next 6 months are expected only by 17.7% of Americans, whereas in February their share was 19.6%. In March, the percentage of US citizens who expected an increase in the number of jobs for the short-term also decreased. Their share fell to 16.4% from 19%. At the same time, 21% of survey participants expect wage increases during this period, whereas a month earlier their share was 20.6%.

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