Consumer Confidence Held Steady in March
Optimism about the current state of the economy was offset by anxiety around inflation and the political environment.

The Conference Board’s consumer confidence index slipped to 104.7 in March, down slightly from a downwardly revised 104.8 in February.
Confidence rose among consumers aged 55 and over but fell for those under 55.
Consumers in the $50,000 to $99,999 income range reported lower confidence in March, while confidence improved slightly in all other income groups.
Dana Peterson, chief economist at The Conference Board, noted that over the last six months, “confidence has been moving sideways with no real trend to the upside or downside either by income or age group.”
“Consumers remained concerned with elevated price levels, which predominated write-in responses. March’s write-in responses showed an uptick in concerns about food and gas prices, but in general complaints about gas prices have been trending downward,” said Peterson.
The average 12-month inflation expectations came in at 5.3 percent, relatively unchanged from February’s four-year low of 5.2 percent.
Recessions fears were trending downward, said the Conference Board, both in write-in responses and by its own measure.
The “Consumers’ Perceived Likelihood of a US Recession Over the Next 12 Months” returned to its downward trajectory after a brief uptick last month.
“Meanwhile, consumers expressed more concern about the U.S. political environment compared to prior months,” said Peterson.
The Present Situation Index, which measures consumers’ current view of business and labor market conditions, rose to 151 in March from 147.6 in February.
Consumers’ view of current business conditions was mixed in March, with the percentage of respondents who said current business conditions are “good” mostly flat at 20 percent, while those who said conditions are “bad” decreased to 17 percent from 18 percent.
Consumers’ view of the labor market was more positive in March.
The percentage of respondents who felt jobs were plentiful was flat at 43 percent, while 11 percent said jobs were “hard to get,” down from 13 percent last month.
The Expectations Index, which measures consumers’ outlook for income, business, and labor market conditions in the near future, fell to 73.8 from 76.3 in February.
Notably, an Expectations Index reading below 80 often signals a recession ahead, said the Conference Board.
Expectations for the next six months slipped to the lowest level since October 2023, it said.
Looking at short-term business conditions, respondents’ outlooks were more pessimistic, with 14 percent of respondents expecting business conditions to improve, flat from February, while the number of respondents that expect them to worsen was up to 18 percent from 17 percent.
Consumers’ assessment of the short-term labor market outlook in March was essentially unchanged from February.
The percentage of respondents who expect more jobs to be available was flat at 14 percent, while the number of respondents who expect fewer jobs to be available was also flat at 18 percent.
Consumers’ assessment of their short-term income prospects was also more pessimistic in March.
The number of respondents who expect their incomes to increase was up slightly to 17 percent from 16 percent in February. However, more respondents (14 percent) expect their incomes to decrease, up from 12 percent.
Respondents also were more pessimistic about their family financial situation over the next six months, a measure not included in the Expectations Index.
Consumers had a more positive view of stock prices throughout the year, but concerns about interest rates remained.
The percentage of consumers expecting an increase in interest rates over the year ahead rose above 50 percent for the first time since November 2023, said the Conference Board.
On a six-month basis, plans to buy automobiles, homes, and big-ticket appliances, all purchases that can be subject to interest rates, were down again.
Planned spending for services in 2024 increased relative to the same time last year, it said, noting consumers plan to spend more on healthcare, motor vehicle services, and lodging for personal travel, while spending less on entertainment.
The Conference Board is scheduled to release its results for April on April 30.
The Latest

The company raised its full-year sales guidance while noting it has not yet assessed the potential impact of the latest tariff news.

The organization has raised more than $1.3 million for charity since its inception.

The brand’s latest iteration of a bezel-set diamond bangle features clean lines and a timeless design for a new modern silhouette.

As a leading global jewelry supplier, Rio Grande is rapidly expanding and developing new solutions to meet the needs of jewelers worldwide.

The first watch in the series commemorates his participation in the Civil Rights movement, marching from Selma to Montgomery in 1965.


The catalog contains a complete listing of all the loose gemstones in stock, as well as information about the properties of each stone.

The company added a retailer dashboard to its site and three new birds to its charm collection, the cardinal, blue jay, and hummingbird.

The Seymour & Evelyn Holtzman Bench Scholarship from Jewelers of America returns for a second year.

An additional 25 percent tariff has been added to the previously announced 25 percent.

The jewelry and accessories retailer plans to close 18 stores as part of the proceedings.

Its Springfield, Massachusetts, store is set to close as owner Andrew Smith heads into retirement.

Designer Hiba Husayni looked to the whale’s melon shaped-head, blowhole, and fluke for her new chunky gold offerings.

She will present the 23rd edition of the trend forecasting book at Vicenzaoro on Sept. 7.

Omar Roy, 72, was arrested in connection with the murder of jeweler Dionisio Carlos Valladares.

The New Orleans-based brand’s “Beyond Katrina” jewels honor the communities affected by the storm.

Lilian Raji explains why joining an affiliate network is essential for brands seeking placements in U.S. consumer publications.

The organization has awarded a total of $42,000 through its scholarship programs this year.

The winner of the inaugural David Yurman Gem Awards Grant will be announced live at the 2026 Gem Awards gala.

As summer winds down, celebrate the sunny disposition of the month’s birthstones: peridot and spinel.

Moshe Haimoff, a social media personality and 47th Street retailer, was robbed of $559,000 worth of jewelry by men in construction outfits.

Xavier Dibbrell brings more than a decade of experience to the role.

The addition of Yoakum, who will lead Kay and Peoples, was one of three executive appointments Signet announced Thursday.

The insurance company’s previous president and CEO, Scott Murphy, has split his role and will continue as CEO.

The nearly six-month pause of operations at its Kagem emerald mine earlier this year impacted the miner’s first-half results.

The necklace uses spinel drops to immortalize the moment Aphrodite’s tears mixed with her lover Adonis’ blood after he was fatally wounded.

The diamond miner and marketer warned last week that it expected to be in the red after significantly cutting prices in Q2.

Jewelers of America’s 35th annual design contest recognized creativity, artistry, style, and excellence.