Consumer Confidence Crashes Most Since Oct 2008

After a hope-filled rebound in February, Conference Board Consumer Confidence tumbled in March with Present Situation plunging to 11-month lows.

• Consumer confidence in March fell to 124.1 vs 131.4 in the prior month (that is below the forecast range 125.44 to 136.5 from 57 estimates)
• Present situation confidence fell to 160.6 vs 172.8 last month
• Consumer confidence expectations fell to 99.8 vs 103.8 last month

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This is the biggest monthly collapse in 'Present Situation' since October 2008 to its lowest since April 2018...

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And this has happened as stocks pushed back to near record highs.

Most notable is the plunge in the Labor Differential - (Jobs Plentiful - Jabs Hard to Get) which tumbled from 34.3 to 28.3 - the biggest drop since Feb 2009.

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