Consumer confidence in the U.S. declined to the lowest level in seven weeks as Americans turned more pessimistic about the economy.
Americans were most pessimistic on the outlook for the economy in March than at any time in four months, a sign the effects of harsh winter weather are still rippling through the U.S.
Consumer confidence has been higher among Democrats than Republicans for a record 18 straight weeks, indicating that politics are driving perceptions of well-being.
American consumers in 2013 were more upbeat than at any time in the previous six years as views on the economy, finances and the buying climate improved.
Consumer confidence was little changed last week even as the government’s partial shutdown and the prospect of a default made Americans less optimistic about the economy.
Consumer confidence fell for a fourth consecutive week to its lowest level since early April as Americans’ views on the economy and buying climate deteriorated.
Consumer confidence in the U.S. rose for a second week as gasoline prices receded.
Consumer confidence dropped last week to the lowest level since the end of January as slower U.S. job growth contributed to pessimism about personal finances and spending.
Consumer confidence climbed last week to the highest level since April 2008 as Americans grew less pessimistic about their finances.
"The latest results may mark the impact of challenges, including higher home-heating prices during the long winter, a sharp increase in food prices tied to California' s drought and the rising price of gasoline."
- Gary Langer on Mar 20, 2014