US Consumer Sentiment Better Than Estimated


The final University of Michigan's consumer sentiment for the United States came in at 91 in March of 2016, down from 91.7 in the previous month but better than a preliminary estimate of 90. Still, it was the lowest reading in five months, as both current and future expectations decreased while the 5 to 10 years inflation outlook went up.

The barometer of current economic conditions came in at 105.6, matching preliminary reading and compared with a final reading of 106.8 in February. The gauge of consumer expectations was recorded at 81.5, higher than 80 initially reported, but lower than 81.9 in the previous month.

Americans expect the inflation rate in the next year will be 2.7 percent, unchanged from the preliminary estimate but up from February's 2.5 percent. Over the next 5 to 10 years, they expect consumer prices to increase 2.7 percent, matching preliminary estimate but higher than 2.5 percent in the previous month.

US Consumer Sentiment Better Than Estimated


University of Michigan | Joana Ferreira | joana.ferreira@tradingeconomics.com
4/1/2016 3:09:03 PM