Both components, expectations and current conditions, show little change in March, at 81.5 for the former and 105.6 for the latter. A minor plus in the report is traction in 5-year inflation expectations, up 2 tenths from February to 2.7 percent. But 1-year expectations, also at 2.7 percent, are unchanged.
Personal spending posted on Monday was a big disappointment, pointing to slow growth for the consumer sector during the first quarter. But this report, together with Tuesday's consumer confidence report, do hint at a bounce back.
Recent History Of This Indicator:
The Econoday consensus is not pointing to a month-end rebound for the consumer sentiment index which in the preliminary report for March fell back nearly 2 points to 90.0 for the least optimistic reading since October. Inflation expectations in the mid-month report rebounded, getting a boost from this month's rise in pump prices. Readings on consumer spirits have remained solid but have been coming down this year.
The Econoday consensus is not pointing to a month-end rebound for the consumer sentiment index which in the preliminary report for March fell back nearly 2 points to 90.0 for the least optimistic reading since October. Inflation expectations in the mid-month report rebounded, getting a boost from this month's rise in pump prices. Readings on consumer spirits have remained solid but have been coming down this year.
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