- Analytics
- News and Tools
- Market News
- U.S. consumer sentiment improves more than expected in March
U.S. consumer sentiment improves more than expected in March
The final reading for the January Reuters/Michigan index of consumer sentiment came in at 98.4 compared to a preliminary reading of 90.7 and the February final reading of 93.8.
That was the highest reading since October 2018.
Economists had forecast the index to be unrevised at 97.8.
The report noted that advance in the sentiment index was entirely due to more positive assessments from middle and lower income households, which more than offset a drop in sentiment among upper income households.
According to the report, the index of the current economic conditions rose to 113.3 from February’s final reading of 108.5.
Meanwhile, the index of consumer expectations increased to 88.8 from February’s final reading of 84.4.
Overall, the data do not indicate an emerging recession but point toward slightly lower unit sales of vehicles and homes during the year ahead, the report says.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
