Skip navigation Scroll to top

Scroll to top

U.S. consumer sentiment deteriorated on fiscal concerns

March 27, 2013

American consumers expressed a more pessimistic view in March, according to latest survey results. The Conference Board’s consumer confidence index dropped to 59.7 in March from a revised 68 (initial estimate 69.6) in February. Markets had expected the sentiment gauge to decline to 67.5. Concern grew that sweeping cuts in planned government spending, due to the fiscal dispute in Washington, may hinder the recovery of the U.S. economy.