US Consumer Sentiment Drops to 5-Month Low


The University of Michigan's consumer sentiment for the United States came in at 90 in March of 2016 from 91.7 in the previous month and hitting its lowest reading since October 2015, as both future expectations and current conditions deteriorated sharply. Markets were expecting the index to rise to 92.2.

The barometer of consumer expectations went down to 80 from 81.9 in the previous month and the gauge of current economic conditions decreased to 105.6 from a final of 106.8 in February.

Americans expect the inflation rate in the next year will rise to 2.7 percent from 2.5 percent in the previous month. Over the next 5 years, they expect consumer prices to increase 2.7 percent, higher than 2.5 percent in February.

US Consumer Sentiment Drops to 5-Month Low


University of Michigan | Joana Ferreira | joana.ferreira@tradingeconomics.com
3/18/2016 2:23:22 PM