Ekonomické zprávy

U.S. consumer sentiment index unexpectedly slips in early March

A report from the University of Michigan showed on Friday that the preliminary reading for the Reuters/Michigan index of consumer sentiment decreased 0.5 per cent m-o-m to 76.5 in early March.  This represented the lowest reading in three months.

Economists had predicted the indicator would come in at 76.9 this month, unchanged from the February final reading.

According to the report, the index of current economic conditions remained unchanged at 79.4 in March, while the index of consumer expectations dropped 0.8 per cent m-o-m to 74.6.

The report also revealed that the estimates of year-ahead expected inflation held steady at 3.0 per cent early this month, while the 5-year expected inflation also stood unchanged at 2.9 per cent

Commenting on the latest findings, Surveys of Consumers Director Joanne Hsu noted that consumer sentiment had been steady and essentially unchanged since January 2024. "After strong gains between November 2023 and January 2024, consumer views have stabilized into a holding pattern; consumers perceived few signals that the economy is currently improving or deteriorating," she added. "Indeed, many are withholding judgment about the trajectory of the economy, particularly in the long term, pending the results of this November’s election."

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