The market is reacting negatively to the index figures. Both American market interest rates and the stock exchanges on Wall Street are being pushed downwards.
American consumers' confidence in the economy fell to 92.9 in March from revised 100.1 according to The Conference Board. The index, which describes the mood among American consumers, is thus at its lowest level in four years.
Analysts had expected a decline according to Bloomberg, but not so deep. The average prognosis was that the consumer confidence index figure would fall to 94.0 in March.
When it comes to future expectations for the next six months, a sub-index fell by almost 10 points to 65.2. This is the lowest rating in twelve years.
The decline for a sub-index on the view of the current situation also moved downwards, but much more moderately.
