Consumer Sentiment Took Another Hit in March as Worries Intensified Over Inflation and a slumping stock market, according to the university of Michigan’s latest Senior Surveyy Relieved friday.
The Survey Posted a Mid-month reading of 57.9, which represents a 10.5% decline from februry and was below the down dow jones consensus estimate for 63.2. The reading was 27.1% below a year ago.
While The Current Conditions Index Fell a Less Severe 3.3%, The Expectations Measure for the future was off 15.3% on a monthly Basis and 30% from the Same Period in 2024.
In addition, fears grew over where inflation is headed as president Donald Trump Institutes Tariffs Against Us Trading Partners.
The one-year outlook spiked to 4.9%, up 0.6 percented point from February and the highest reading since November 2022. Level Since February 1993.
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