US consumer confidence deteriorates further in March
WASHINGTON, March 25 (Reuters) - U.S. consumer confidence dropped for a fourth straight month in March, with households the most pessimistic about the future in 12 years, a survey showed on Tuesday.
The Conference Board said its consumer confidence index plunged 7.2 points to 92.9 this month. Economists polled by Reuters had forecast the index sliding to 94.0. The Present Situation Index, based on consumers' assessment of current business and labor market conditions, fell 3.6 points to 134.5.
Get a look at the day ahead in U.S. and global markets with the Morning Bid U.S. newsletter. Sign up here.
The Expectations Index, based on consumers' short-term
outlook for income, business, and labor market conditions, dropped 9.6 points to 65.2 - the lowest level in 12 years and well below the threshold of 80 that usually signals a recession ahead.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
10 hours ago
- Reuters
Iran's options, uranium stockpiles and Trump on regime change
Follow on Apple or Spotify. Listen on the Reuters app. Iran considers its options after U.S. strikes on three Iranian nuclear sites over the weekend. President Donald Trump raises the possibility of regime change in Tehran. Plus, the fate of Iran's stockpile of near weapons-grade uranium is unclear. Today's recommended read: Tesla rolls out robotaxis in Texas test Sign up for the Reuters Econ World newsletter here. Listen to the Reuters Econ World podcast here. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit to opt out of targeted advertising. Further Reading US urges China to dissuade Iran from closing Strait of Hormuz US lawmakers call for Congress to review Trump's Iran actions Ukraine fighting 10,000 Russian troops in Kursk region, Ukrainian commander says Israeli forces recover bodies of three hostages from Gaza Abrego Garcia ordered released pending trial on migrant smuggling charges Further Listening The future of Iran
Reuters
10 hours ago
- Reuters
Prices
Follow on Apple or Spotify. Listen on the Reuters app. When are tariffs going to hit American wallets? So far, President Donald Trump's trade war hasn't sparked a surge in inflation. Host Carmel Crimmins talks to U.S. Economics Editor Dan Burns about what the data is showing and what might be lying in store for U.S. consumers. Plus, the rewards, financial and otherwise, of backyard chickens. Sign up for the Reuters Econ World newsletter here. For information on our privacy and data protection practices visit the Thomson Reuters Privacy Statement. You may also visit to opt out of targeted advertising. Further Listening Trump's tariffs China's price problem Inflation
Auto Blog
10 hours ago
- Auto Blog
Buying A New Toyota? Better Do It This Month
Toyota Increasing Prices From July Bad news. If you're waiting to buy a new Toyota, you may want to get a move on. According to Reuters, both Toyota and Lexus will be hiking prices from next month. The good news is that the prices will increase by a relatively small amount, with Toyota MSRPs to rise by an average of $270 and Lexus prices to be increased by an average of $208. Interestingly, a spokesperson told the publication that these new increases aren't a response to President Trump's sweeping 25 percent tariff on imported vehicles. Perhaps they aren't directly so, but one can't help but wonder how significant the increases, if any, might have been with less uncertainty over future U.S. trade policy. Unclear Which Models Will Be Affected Source: Toyota 'The latest price hike is part of our regular review of the prices,' Toyota spokesperson Nobu Sunaga said. Historically speaking, we can't argue with that. Price adjustments come from every automaker every year, and a mid-year bump of a couple of hundred dollars is not unusual. However, Toyota's own comments on tariffs indicate that they may have played a role in this increase, or at the very least will impact future pricing strategies. Last month, the automaker told Autoblog that the tariffs may put many products 'out of reach for a lot of Americans,' which tells us that Toyota won't be able to keep its price adjustments to this minor level for long without new strategies. Toyota Is Working On U.S. Production Toyota never sits on its hands, and it's not doing so now. According to a separate report from Reuters published in April, Toyota is considering producing the new RAV4 in Georgetown, Kentucky, from 2027. The current model is produced in Kentucky, Canada, and Japan, but the new model was meant to be imported to America from either of the latter two regions. Now, the RAV4 may return to Kentucky to meet demand, though Toyota has yet to confirm or deny this claim. Whatever happens next, pricing increases are not likely to slow down anytime soon, no matter which brand you favor. Mitsubishi prices recently saw an unexpected bump, premium automaker BMW is set to do the same, and even the automotive giant that is Hyundai says it can't shield buyers from price adjustments forever. About the Author Sebastian Cenizo View Profile
