Consumer sentiment sinks to a nearly 4-year low in March as coronavirus spreads
March 27, 2020 at 09:15 AM EDT
Consumers rapidly lost confidence in the economy toward the end of March as the coronavirus pandemic spread and the U.S. resorted to unprecedented tactics to slow it down, a new household survey showed. The final results for the consumer sentiment index fell to a nearly four-year low of 89.1 in March.