Consumer Confidence Plummets To 63.4


nattu via Flickr

Headline: 63.4Consensus: 64

Analysis: Consumer confidence surged in February to 72, which was the best number in three years.

It was expected to fall in March, but this drop is worse than expectations.

Definitely a sign that worries about the Middle East and Japan are getting to consumers. Also, concerns over declining home prices and rising inflation are likely embeded in this number.

Don’t miss: These 8 shocks are about to slam the global economy >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at