Need Help? (888) 742-5060

In The News:

More From Mdm

The Conference Board Consumer Confidence Index Decreased in March

The Conference Board Consumer Confidence Index declined in March, after increasing in February. The Index now stands at 124.1, down from 131.4 in February. The Present Situation Index – based on consumers’ assessment of current business and labor market conditions – declined, from 172.8 to 160.6. The Expectations Index – based on consumers’ short-term outlook for income, business and labor market conditions – decreased from 103.8 last month to 99.8 this month.

“Consumer Confidence decreased in March after rebounding in February, with the Present Situation the main driver of this month’s decline,” said Lynn Franco, Senior Director of Economic Indicators at The Conference Board. “Confidence has been somewhat volatile over the past few months, as consumers have had to weather volatility in the financial markets, a partial government shutdown and a very weak February jobs report. Despite these dynamics, consumers remain confident that the economy will continue expanding in the near term. However, the overall trend in confidence has been softening since last summer, pointing to a moderation in economic growth.”

The monthly Consumer Confidence Survey, based on a probability-design random sample, is conducted for The Conference Board by Nielsen, a leading global provider of information and analytics around what consumers buy and watch. The cutoff date for the preliminary results was March 14.

Consumers’ assessment of current conditions declined in March. The percent of consumers stating business conditions are “good” decreased from 40.6% to 33.4%, while those saying business conditions are “bad” increased from 11.1% to 13.6%. Consumers’ assessment of the labor market was less upbeat. Those stating jobs are “plentiful” decreased from 45.7% to 42%, while those claiming jobs are “hard to get” increased from 11.7% to 13.7%.

Consumers’ optimism about the short-term future moderated in March. The percent of consumers expecting business conditions will improve over the next six months declined from 19.6% to 17.7%, while those expecting business conditions will worsen remained relatively flat, 9.3% versus 9.2% last month.

© 2019 Gale Media, Inc.

Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit MDM welcomes inbound links from your site. Please cite Modern Distribution Management.

2018-top-distributors-listThe 2018 Top Distributors List

This free PDF includes lists of top distribution companies across 14 sectors.

You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content.

Download the Free PDF now >>

MDM-UpdateMDM Update: Daily Newsletter 

Sign up to read the best source for news & trends in wholesale distribution, MDM Update. Delivered daily to your inbox. 

Sign-up for MDM Update >>

Partner Center