US Consumer Confidence fell to a 4-year low, expectations for the future to a 12-year low

By Fan-Yu Kuo
NAHB Eye on Housing
March 25, 2025
Category: Finance & Economics
Region: United States

US Consumer confidence fell for the fourth straight month amid growing concerns about the economic outlook and policy uncertainties, especially potential tariffs. Uncertainties continue to weigh on consumer sentiment as consumer confidence dropped to a 4-year low and expectations for the future economy fell to a 12-year low. The persistent decline in sentiment has raised recession concerns as consumers have grown pessimistic about economic conditions. The Consumer Confidence Index fell from 100 to 92.9 in March, the largest monthly decline since August 2021 and the lowest level since February 2021. …The Present Situation Index decreased 3.6 points from 138.1 to 134.5, and the Expectation Situation Index dropped 9.6 points from 74.8 to 65.2, the lowest level since February 2013. This is the second consecutive month that the Expectation Index has been below 80, a threshold that often signals a recession within a year.

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