CB: U.S. Consumer Confidence Edges Higher in March
3/31 9:32 AM
CB: U.S. Consumer Confidence Edges Higher in March Barani Krishnan DTN Refined Fuels Market Reporter SECAUCUS, NJ (DTN) -- U.S. consumer confidence edged higher in March as an improved assessment of current conditions offset a slight decline in future expectations, the Conference Board said Tuesday (3/31). The Conference Board reported that its headline confidence index rose 0.8 points to 91.8 this month. This was above the market expectation of 87.5. The index for February was revised slightly to 91.0, according to the report. The "Consumer confidence ticked up again in March, as a modest improvement in consumers' views of current conditions outweighed a slight downshift in expectations," Dana M. Peterson, chief economist at the Conference Board, said in a news release. "Three of five components of the Index firmed in March, and overall confidence improved modestly for a second month." The confidence index is a gauge of the household optimism that fuels roughly 70% of the U.S. economy through personal spending and is closely watched by market analysts. Consumers' assessment of their current economic situation -- the present situation index -- rose 4.6 points to 123.3 in March. The expectations index, which gauges the short-term outlook, declined 1.7 points to 70.9, remaining below the 80-point threshold often associated with upcoming recession. The Conference Board added that write-in responses highlighted that surging costs from tariffs and the war in Iran remained primary sources of economic stress. Peterson also noted that while trade mentions decreased, comments regarding oil, gas, and conflict spiked during the survey period. The U.S. dollar index slid 0.513 points to 99.84, following the release of the Conference Board data. (c) Copyright 2026 DTN, LLC. All rights reserved.
 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN