Updated: 27-Mar-20 10:19 ET

March Univ. of Michigan Consumer Sentiment - Prelim

Updated: 27-Mar-20 10:19 ET

Highlights

• The final reading for the University of Michigan Index of Consumer Sentiment for March was revised down to 89.1 (Briefing.com consensus 95.7) from the preliminary reading of 95.9. The final reading for February was 101.0.

Key Factors

• The Current Economic Conditions Index fell to 103.7 from the preliminary reading of 112.5. The final reading for February was 114.8.
• The Index of Consumer Expectations dropped to 79.7 from the preliminary reading of 85.3. The final reading for February was 92.1.

Big Picture

• The key takeaway from the report is that it captures the leading wave of the change in consumer sentiment, which is deteriorating rapidly in the face of the coronavirus impact on the U.S. economy.
• According to the report, the 11.9-point drop from February is the fourth largest one-month decline in nearly a half century.

Category	MAR	FEB	JAN	DEC	NOV
Sentiment	89.1	101.0	99.8	99.3	96.8
Outlook	79.7	92.1	90.5	88.9	87.3
Present conditions	103.7	114.8	114.4	115.5	111.6