Tuesday, March 25, 2008

Not So Confident


U.S. consumer confidence took an unexpectedly sharp fall in March, hitting a five-year low while expectations for the future tumbled to their lowest since January 1974, the Conference Board said Tuesday.

The Conference Board said its index of consumer sentiment fell in March to 64.5 -- its lowest since March 2003 -- from an upwardly revised 76.4 in February.