The Consumer Confidence Index (CCI) fell 5.3 points to 121.1 in March 2025, down from 126.4 in February 2025. This decline was driven by a 7-point drop in the Consumer Expectations Index (CEI) to 131.7 in March 2025 and a 3.6-point decrease in the Current Economic Conditions Index (CECI) to 110.6 in March 2025 (Figure 1). All components of the CEI experienced declines, with the most significant decrease observed in the Job Availability Expectations Index, which fell 8.3 points to 125.9 from 134.2. It follows recent widespread layoffs (known locally as PHK) undertaken by many companies due to several factors, including decreased demand, bankruptcy, and production relocation.