Consumer confidence where it heads to the economy reaches a 12-year-old low

Consumer confidence was even more darkened in March, as the view of future conditions fell at the most level of more than a decade, the conference council said on Tuesday.

Advice Monthly Trust Index From these conditions, they dropped to 92.9, a decrease of 7.2 points and the fourth consecutive monthly shrinkage. Economists researched by Dow Jones were looking for reading 93.5.

However, the measure of future expectations told an even darkest history, with the index breaking up by 9.6 points to 65.2, the most reading in 12 years and much below the level of 80, which is considered a signal of a recession that is ahead.

The index measures the prospects of respondents for prospects for income, business and work.

“Consumer optimism about future income – which has been lingered quite hard in the last few months – it has disappeared largely, suggesting that concerns about the economy and labor market have begun to spread to consumer estimates of their personal situations,” says Stephanie Gichard, senior economist, global indicators in the conference council.

The survey comes against the background of worry about President Donald TrumpUS tariff plans that coincided with the variable stock market and other studies showing arrogant moods.

The fall of confidence is guided by the decline of these 55 years or more, but is distributed in income groups.

In addition to overall pessimism, the prospects for the stock market have slid sharply, with only 37.4% of the respondents expecting higher stock prices next year. This marks a decrease of 10 percentage points from February and for the first time the view has become negative since the end of 2023.

The view of the labor market also weakened, with those who expect more jobs to be available to 16.7%, while those who expect less jobs have increased to 28.5%. The relevant readings in February are 18.8% and 26.6%.

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