Another measure of how Americans think the economy will be six months from now posted a smaller 4-point drop to 99.8.
What they are saying?: “Confidence has been somewhat volatile over the past few months, as consumers have had to weather volatility in the financial markets, a partial government shutdown and a very weak February jobs report,” said Lynn Franco, director of economic indicators at board.
“Despite these dynamics, consumers remain confident that the economy will continue expanding in the near term,” she added. “However, the overall trend in confidence has been softening since last summer, pointing to a moderation in economic growth.”
Big picture : The U.S. economy slowed toward the end of last year and got off to a sluggish start in 2019. The construction and manufacturing trades have softened and consumer spending has also tapered off.
Source:
Market Watch
