The University of Michigan consumer sentiment for the US edged down to 76.5 in March 2024, the lowest in three months, from 76.9 in February, and below forecasts of 76.9. Small improvements in personal finances were offset by modest declines in expectations for business conditions, preliminary estimates showed. Yet, consumers perceived few signals that the economy is currently improving or deteriorating and many are withholding judgment about the trajectory of the economy, particularly in the long term, pending the results of this November’s election. The gauge for expectations fell to 74.6 from 75.2 while the current conditions subindex was steady at 79.4. Meanwhile, inflation expectations for the year ahead were unchanged at 3% and those for the five-year outlook were steady at 2.9%. source: University of Michigan
Consumer Confidence in the United States decreased to 76.50 points in March from 76.90 points in February of 2024. Consumer Confidence in the United States averaged 85.43 points from 1952 until 2024, reaching an all time high of 111.40 points in January of 2000 and a record low of 50.00 points in June of 2022. This page provides the latest reported value for - United States Consumer Sentiment - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Michigan Consumer Sentiment - data, historical chart, forecasts and calendar of releases - was last updated on March of 2024.
Consumer Confidence in the United States decreased to 76.50 points in March from 76.90 points in February of 2024. Consumer Confidence in the United States is expected to be 76.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.