Editor's PiCK
US March Michigan Consumer Sentiment Index at 57.9... Far Below Expectations
Minseung Kang
Summary
- The US March Consumer Sentiment Index came in at 57.9, significantly below expectations.
- This is lower than February's 64.7 and well below the expert forecast of 63.2.
- The decline in the consumer sentiment index indicates a drop in American consumers' spending confidence.
The U.S. consumer sentiment index for March fell significantly below expectations.
On the 14th (local time), the University of Michigan announced that the Consumer Sentiment Index (preliminary figure), which reflects consumers' confidence in the domestic economy, stood at 57.9 in March. This is much lower than February's 64.7 and well below the expert forecast of 63.2 compiled by Dow Jones.
The decline in the consumer sentiment index ultimately indicates that Americans have lost confidence in their spending.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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