e-forecasting.com™ earliest and final for the month US consumer confidence fell in March, following today's update of its predictive analytics database, derived from the largest in scope and size national consumer survey, conducted by Prosper Insights & Analytics™.
According to the highlights of the forward-looking predictive analytics published today in the March issue of the US Consumer Confidence Digest, the popular confidence measure, which is indexed to equal 100 when growth is nil, decreased 0.2 percent points in March to a reading of 108.6, after falling (−0.6 percent points) in February.
"The early bird's news about the level of confidence on the economy expected by consumers, who buy nearly 70% of GDP - lead to the prediction that the United States' business-cycle will be in its slowing down phase six months from now," said Evangelos Otto Simos, professor at the University of New Hampshire and editor of the Digest.
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