vendredi 13 mars 2015
Consumer Sentiment in U.S. Declined in March to Four-Month Low
Posted on 07:06 by nice news
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 better job market is among reasons Americans may feel comfortable spending.
The gain in gasoline prices is “enough, probably, to take a little bit of the wind out of the sails of the consumer,” Michael Hanson, U.S. senior economist at Bank of America in New York, said before the report. “Confidence is likely to continue to be on a gradual upward trend as the backdrop for the consumer continues to look better.”
Estimates of the 68 economists in the
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 better job market is among reasons Americans may feel comfortable spending.
The gain in gasoline prices is “enough, probably, to take a little bit of the wind out of the sails of the consumer,” Michael Hanson, U.S. senior economist at Bank of America in New York, said before the report. “Confidence is likely to continue to be on a gradual upward trend as the backdrop for the consumer continues to look better.”
Estimates of the 68 economists in the
Consumer Sentiment in U.S. Declined in March to Four-Month Low
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