Confidence in consumers in where heads the 12-year-old boring economy

In March, consumer confidence decreased when the opinion of future conditions decreased to the lowest level for more than a decade, the conference council reports on Tuesday.

Board Monthly Trust Index Modern conditions decreased to 92.9, a reduction by 7.2 points and a fourth monthly reduction in a row. Economists interviewed by Dow Jones searched for reading 93.5.

However, the measure of future expectations told an even darker history when the index scored 9.6 points up to 65.2, the lowest reading in 12 years and is much below the level of 80, which is considered a signal for the recession forward.

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

“Consumer optimism regarding future income – which has been quite strong in the last few months – has disappeared greatly, believing that the concerns about the economy and the labor market began to spread to the assessment of consumers of their personal situations,” said Stefani Guychard, senior economist, global indicators in the conference council.

The poll occurs against the background of the President’s concerns Donald TrumpUS import plans that coincide with the flying stock market and other surveys that indicate a decrease in mood.

The fall of confidence was due to a decrease in 55 and older, but was spread in revenue groups.

In addition to total pessimism, the forecast in the stock market slid sharply, only 37.4% of respondents expect higher capital prices next year. This noted 10 percentage points since February and has been negative for the first time since the end of 2023.

The labor is also weakened, and those who expect more jobs to be submitted up to 16.7%, and those who expect less jobs increased to 28.5%. The corresponding readings in February amounted to 18.8% and 26.6%.

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