Personal Liberty Digest™ will be upgraded this weekend to reflect a dynamic new look and mobile-friendly viewing to enhance your experience! Plus, we'll be providing even more of the compelling content you've come to expect, delivered in a whole new way!

  Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

Consumer Confidence Drops In March

ANN ARBOR, Mich. (UPI) — Consumer sentiment fell unexpectedly in early March as an unusually harsh winter seemed to dull people’s outlook on the economy’s health.

The index reading was 79.9, down from 81.6 in February and 82.5 in December, according to the Thomson Reuters/University of Michigan preliminary index of sentiment. The median estimate made by economists surveyed by Bloomberg expected to see a slight uptick in confidence to 82.

“The winter weather is not a reason to get rosy about the economy or personal finances, so we’re seeing consumers hold here,” said Sean Incremona, a senior economist at 4cast Inc. in New York.

The index averaged 89 in the five years before 2008, when the financial crisis hit, and averaged 64.2 in the 18-month contraction that followed.

The weak consumer confidence was coupled with a 0.1 percent drop in producer prices for February, also reported on Friday morning. The surprising drop could partly be weather related.

The survey’s index of expectation for the next six months also decreased to 69.4, the lowest since November. The gauge of current conditions, which measures Americans’ view of their personal finances, rose to 96.1 in March from 95.4 a month earlier.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Facebook Conversations

Join the Discussion:
View Comments to “Consumer Confidence Drops In March”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.