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- U.S. consumer sentiment improves more than forecast in March
U.S. consumer sentiment improves more than forecast in March
A report from the
University of Michigan revealed the preliminary reading for the
Reuters/Michigan index of consumer sentiment rose to 97.8 in early March. That
was the highest reading since December 2018.
Economists had
expected the index would increase to 95.3 this month from February’s final
reading of 93.8.
The early March gains were
attributable to rising income and lower inflation expectations as well as prospects
for growth in the overall economy during the year ahead.
According to the
report, the index of current U.S. economic conditions rose to 111.2 in March
from 108.5 in the previous month. Meanwhile, the index of consumer expectations
climbed to 97.8 this month from 93.8 in February.
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