India, March 25 -- Consumer confidence in the U.S. deteriorated by more than expected in the month of March, according to a report released by the Conference Board on Tuesday.
The Conference Board said its consumer confidence index tumbled to 92.9 in March from an upwardly revised 100.1 in February.
Economists had expected the consumer confidence index to slump to 94.2 from the 98.3 originally reported for the previous month.
"Consumer confidence declined for a fourth consecutive month in March, falling below the relatively narrow range that had prevailed since 2022," said Stephanie Guichard, Senior Economist, Global Indicators at The Conference Board.
The steep drop by the headline index partly reflected a significant deterioration by ...