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US consumer confidence sinks as virus begins having impact

US consumer confidence sinks as virus begins having impact Photo: WDIO-TV file

MARTIN CRUTSINGER AP Economics Writer
Created: March 31, 2020 10:48 AM

WASHINGTON (AP) - U.S. consumer confidence tumbled in March to the lowest level in nearly three years as the impact of the coronavirus began to be felt.

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The Conference Board reported Tuesday that its confidence index dropped to a reading of 120 in March from February's 132.6.

The steep decline reflected rising worries about the coronavirus during the survey period of March 1-18. Economists say confidence is sure to fall further as the virus' impact takes a bigger toll on the economy.
 

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MARTIN CRUTSINGER AP Economics Writer

Copyright 2020 The Associated Press. All rights reserved.

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