Consumer Confidence edges higher, outlook reflects growing uncertainty
by National Marine Manufacturers Association 2 Apr 05:34 PDT
Consumer Confidence Index © National Marine Manufacturers Association
The Conference Board's Consumer Confidence Index increased 0.8 points in March to 91.8, marking a second consecutive month of modest improvement. The gain was driven by a 4.6-point increase in the Present Situation Index to 123.3, reflecting improved views of current business conditions, while labor market perceptions remained relatively stable.
The Expectations Index declined 1.7 points to 70.9, indicating increased concern about job prospects and income over the next six months. Inflation expectations also moved higher, reaching their highest level since August 2025. Survey responses suggest consumers anticipate rising prices and interest rates, while expectations for stock market gains declined.
Consumers showed some moderation in spending intentions. The share of respondents indicating plans to make major purchases shifted slightly away from "yes" and "maybe" toward "no," although overall purchase intent remains positive. Auto buying plans continued to trend upward on a six-month moving average basis, with a continued preference for used vehicles over new.
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