The Conference Board's CCI fell for the first time in six months, dropping to 63.4 in March. It improved steadily from 48.6 in September to a cycle high of 72.0 in February, which was above the 70.4 preliminary figure.
The Expectations component of the CCI dropped by 16.4 points in March to 81.1, after increasing steadily from 65.5 in September to a six-year high of 97.5 in February. The Present Situation component rose for the sixth straight month, from 23.3 in September to a 28-month high of 36.9 in March. It was at a 27-year low of 20.2 at the end of 2009.