- University of Michigan March Consumer Sentiment: 84.9 vs. 83.3 expected and 83.0 prior.
- Reaches highest level in a year, due to the third disbursement of relief checks and better than anticipated vaccination progress.
- Current Economic Conditions: 93.0 vs. 91.5 prior
- Index of Consumer Expectations: 79.7 vs. 77.5 prior.
- The data point toward "robust increases in consumer spending," said Richard Curtin, UMich Surveys of Consumers chief economist.
- "The ultimate strength and duration of the spending surge will depend on the rate of draw-downs in savings since consumers anticipate a slower pace of income growth."
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