Consumer Confidence Drops As Coronavirus Takes A Toll

WASHINGTON (AP) — U.S. consumer confidence tumbled in March as the impact of the coronavirus began to be felt.

The Conference Board reported Tuesday that its confidence index dropped to a reading of 120 in March from February’s 132.6.

The steep decline reflected rising worries about the coronavirus during the survey period of March 1-18. Economists say confidence is sure to fall further as the virus’ impact takes a bigger toll on the economy.

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