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Sliding sentiment adds to US growth concerns
The Conference Board measure of consumer confidence has dropped to 92.9 in March from 98.3 in February, below the 94.0 consensus figure and leaving the index at its weakest level for four years. The bigger concern is the near 10-point drop in consumer expectations, which leaves that index at a 12-year low. As recently as November confidence was on the rise thanks to strong growth, record high equity markets and a sense that President Donald Trump would cut taxes and deregulate the economy which would keep growth and the jobs market robust. However, he hasn’t focused on those areas and instead we are seeing growing ... (full story)
