Updated: 15-Mar-24 10:17 ET
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Updated: 15-Mar-24 10:17 ET |
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Highlights
- The preliminary reading for the University of Michigan Consumer Sentiment Index for March came in at 76.5 (Briefing.com consensus 77.3), down from the final February reading of 76.9.
- In the same period a year ago, the index stood at 62.0.
Key Factors
- The Current Economic Conditions Index held steady at 79.4.
- The Index of Consumer Expectations dipped to 74.6 from 75.2.
- Year-ahead inflation expectations remained at 3.0%.
- Five-year inflation expectations remained at 2.9%.
Big Picture
- The key takeaway from the report is that overall sentiment has shown little change so far in 2024 and it remains halfway between the low reached in June 2022 and pre-pandemic highs.
Category |
MAR |
FEB |
JAN |
DEC |
NOV |
Sentiment |
76.5 |
76.9 |
79.0 |
69.7 |
61.3 |
Outlook |
74.6 |
75.2 |
77.1 |
67.4 |
56.8 |
Present conditions |
79.4 |
79.4 |
81.9 |
73.3 |
68.3 |