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April 1, 2020

Confidence sinks on virus impacts

WASHINGTON (AP) — U.S. consumer confidence tumbled this month to its lowest level in nearly three years as the impact of the coronavirus on the economy 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. It was the lowest reading since the index was at 117.3 in June 2017. Both a sub-index that covers consumers' view of current business and job market conditions and another sub-index that covers expectations of future conditions fell in March.


 
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