US: Consumer Confidence Index falls to 127.7 in March

The Conference Board released the outcome of its latest monthly consumer confidence survey, which revealed that the Consumer Confidence Index eased from 130.0 in February to 127.7 for March. 

Key highlights:

   •  The Present Situation Index decreased from 161.2 to 159.9, while the Expectations Index declined from 109.2 last month to 106.2 this month.

   •  Consumers’ assessment of current conditions eased in March.

   •  Consumers were moderately less optimistic about the short-term outlook in March.

   •  Consumers’ outlook for the job market was also less positive.