Economics

Summary

U.S. consumer confidence fell for the third straight month in March, reaching a 29-month low of 57.9, according to the University of Michigan survey.

Sentiment has dropped 22% since December 2024, before President Trump took office. Consumers expect worsening inflation and economic instability, partly due to concerns over tariffs.

Survey director Joanne Hsu cited policy uncertainty as a major factor.

Confidence declined across all political groups, with Democrats' expectations down 24%, Independents' down 12%, and Republicans' down 10%.