By  on March 27, 2012

Consumers are fairly upbeat now, but their expectations for six months down the road are less optimistic, pulling down the consumer confidence gauge for March.

The Conference Board’s Consumer Confidence Index dipped slightly this month to 70.2 after rising in February to 71.6. The present situations component rose to 51 from 46.4, and is now at its highest level in three and a half years, since September 2008, when it was 61.1. The expectations portion fell to 83 from 88.4 last month.

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