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Consumer Sentiment in U.S. Declined in March to Four-Month Low
Consumer confidence declined in March to a four-month low as optimism about the U.S. economy was tempered by weaker income expectations and a rebound in gasoline prices. The University of Michigan said Friday its preliminary consumer sentiment index decreased to 91.2 this month from 95.4 in February. The median projection in a Bloomberg survey of economists called for a reading of 95.5. Consumers were less upbeat this month as cold weather boosted utility bills, the cost of gas advanced from the almost six-year low in January and wage growth was limited among middle- and lower-income households. At the same time, a ... (full story)
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