Consumer confidence falls sharply in March Economic Report - MarketWatch

WASHINGTON (MarketWatch) — Consumer confidence experienced its biggest decline in more than a year, falling sharply in March because of growing concerns about rising prices and stagnant incomes, according to a survey released Tuesday.

The nonprofit Conference Board said its consumer-confidence index dropped to 63.4 in March from a revised 72.0 in February, marking the biggest one-month decline since February 2010. The index had risen five straight months until backtracking in March.

via marketwatch.com