U.S. Consumer Confidence Sinks in March

U.S. consumer confidence registered at 92.9 in March, decreasing 7.2 points from the adjusted February reading, according to The Conference Board Consumer Confidence Index. The index measuring current business and labor market conditions declined 3.6 points in March to 134.5. The short-term outlook index for the income, business, and labor markets fell 9.6 points from last month to 65.2, below the 80 mark that can indicate a recession and the lowest reading since 2013. See The Conference Board