28 Jul. The Index now … We want to hear from you.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services. "The intensification of COVID-19 and extreme volatility in the financial markets have increased uncertainty about the outlook for the economy and jobs. March's decline in confidence is more in line with a severe contraction – rather than a temporary shock – and further declines are sure to follow. The Conference Board said Tuesday its consumer confidence index dropped to 120 this month from 132.6 in February. It dropped to 88.2 from 108.1 as the threat from the pandemic began to dawn on Americans.
Economic Report Consumer confidence sinks in March to a 32-month low and it’s going to keep falling Published: March 31, 2020 at 10:54 a.m. The Conference Board Consumer Confidence Index Decreased in July.
Global Business and Financial News, Stock Quotes, and Market Data and Analysis.Consumer confidence index hits 120.0 in March, vs. 110.0 expected https://www.cnbc.com/2020/03/31/us-consumer-confidence-march-2020.html ESI, EEI, sectoral CIs) - 30 July 2020. Of those cases, more than 164,000 are in the U.S. Italy also has over 100,000 confirmed cases.
However, those actions raise concern over a potential economic blow and have sparked massive market volatility. Latest update: Flash Consumer Confidence Indicator - 23 July 2020. Consumer confidence recorded it largest decline in more than six years due in part to the coronavirus outbreak, ... A couple shops with masks as fears of the coronavirus spreading through the U.S. increase on March 4, 2020 in New York City. Countries around the world — including the U.S. — have taken measures to curb the spread of the virus. ET It is conducted monthly by The Conference Board of Canada and is administered by Leger. Consumer Confidence in the Euro Area averaged -10.05 points from 1985 until 2020, reaching an all time high of -1.50 points in May of 2000 and a record low of -23.90 points in March of 2009. It could be quite some time before confidence returns to a pre-crises peak of 137.9 in 2018.
The longer the crisis, the deeper the downturn and longer the return to normal. The consumer confidence survey has been ongoing since 1960. "Consumer confidence declined sharply in March due to a deterioration in the short-term outlook," Lynn Franco, senior director of economic indicators at The Conference Board, said in a statement.
Next update: Full business and consumer survey results (incl. United States’s Consumer Confidence Index data is updated monthly, averaging 96.950 1985=100 from Jun 1977 to Jul 2020, with 518 observations. The U.S. economy’s record contraction in the second quarter would have been a lot worse if Washington hadn’t stepped up with trillions of dollars of emergency spending.Jeffry Bartash is a reporter for MarketWatch in Washington.