Consumer confidence sank to a five-year low in March as tight credit markets, rising prices and worsening job prospects deepened worries that the economy has fallen into recession.The Conference Board, a business-backed research group, said Tuesday that its Consumer Confidence Index plunged to 64.5 in March from a revised 76.4 in February.
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Consumer confidence plunges in March
12651
``US economy fell into recession last spring''
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Business confidence declines in March:
137380
US consumer prices drop in March
123758
Investor confidence recovering
118218
UK consumer confidence declines in December
112317
Consumer confidence rebounds in April
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Consumer confidence shows substantial deterioration in October
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Consumer sentiment little changed in April
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Consumer confidence index jumps to 54.1 in August
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Consumer spending falls in March;
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Business confidence slips
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Consumer defaults fall to post-recession lows
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S. Korean consumer confidence deteriorates in November
33168
Australia consumer confidence falls in April
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Consumer confidence rises in April
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US stocks fall on weak consumer confidence