World News

U.S. consumer confidence falls less than expected but weakest since July 2017 on coronavirus concerns

WASHINGTON (Reuters) – U.S. consumer confidence fell less than expected in March even as the country grappled with the coronavirus pandemic, which has upended life for Americans.

The Conference Board said its consumer confidence index decreased to a reading of 120.0 this month from an upwardly revised 132.6 in February. Economists polled by Reuters had forecast the index falling to 110.0 in March from the previously reported reading of 130.7 in February.

(Reporting By Lucia Mutikani; Editing by Chizu Nomiyama)