Economic Confidence Declines During March
Lincoln – Consumer and business confidence fell in Nebraska during March, according to the latest monthly surveys from the Bureau of Business Research at the University of Nebraska–Lincoln.
Nebraska consumer confidence turned negative in March, dropping to 97.9, which is below the neutral level of 100. The consumer confidence index stood at 107.9 in February. Eleven percent of household respondents mentioned COVID-19 when commenting on their most important financial issue.
Nebraska business confidence remained positive in Nebraska. However, business confidence fell to 105.2 in March from 111.1 in February. Twenty-four percent of business respondents cited COVID-19 as their top concern.
“The COVID-19 pandemic is having a significant impact on confidence in the Nebraska economy,” said Eric Thompson, an economist who serves as bureau director.
The surveys are sent each month to 500 randomly selected Nebraska businesses and households.
– UNL
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