The University of Michigan’s final March consumer sentiment index reading was 69.5, compared to the preliminary 70.5 reading, the final 70.8 reading for February, the preliminary February reading of 69.6, and the final January consumer sentiment index reading of 78.4, according to market sources.
Economists polled by IFR Markets had predicted a 70.0 reading for the index.
The expectations index was 60.1, compared to 61.4 earlier this month, 62.4 last month, 59.4 at mid-February, 68.1 in January, and 69.1 earlier in January.
The current conditions index was 82.4, compared to 84.6 at mid-month, 83.8 last month, 85.4 at mid-February, 94.4 in January, and 98.1 at mid-January.
The University of Michigan index is not released to the press, but only to paying subscribers.