U.S. consumer sentiment rises in reflection of shutdown recovery: U. of Mich.
The numbers: The preliminary University of Michigan consumer sentiment index for March moved higher for the second straight month, with the index rising to 97.8 from 93.8 in the prior month.
What happened: The gain in early March was due to households with incomes in the bottom two-thirds of the distribution, said Richard Curtin, the surveys of consumers chief economist. These householders felt better about their personal finances than more wealthy households.All income groups voiced more positive prospects for growth in the overall economy. Year-ahead inflation rates moved lower.
The Atlanta Fed’s tracking estimate has dropped steadily and now shows a gain of only 0.4% in the January-March quarter. Economists are divided about the outlook for the remainder of the year. The sentiment data is upbeat, indicating real consumption will grow by 2.6% in 2019, Curtin said.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
University of Michigan consumer sentiment increases in MarchConsumer sentiment had a further bounce in March, according to the University of Michigan index released Friday. The index jumped to 97.8 in March from 98.3...
Read more »
Empire State manufacturing index shows only slight activity in MarchThe Empire State manufacturing survey fell to a reading of 3.7 in March, its lowest level in almost two years, the New York Fed said Friday.
Read more »
Brexit vote: British Parliament overwhelmingly rejects Theresa May’s plan, diminishing chance of withdrawal on March 29British Parliament overwhelmingly rejects Theresa May’s Brexit deal, diminishing the chance of withdrawal on March 29
Read more »
Santa Anita hopes to resume horse racing around March 22Since Dec. 26, 21 horses have died at the Santa Anita race track. As horses returned to the training track Friday morning, officials are hoping to resume racing around March 22.
Read more »
Payless ShoeSource bankruptcy: The last day to use gift cards is Monday, March 11Monday, March 11 is the last day to use Payless ShoeSource gift cards and merchandise credit. All U.S. stores are liquidating.
Read more »
Hundreds march in Paris as childminders join 'yellow vest' protestsHundreds of 'yellow vest' protesters began marches in Paris on Saturda...
Read more »
Erdogan accuses women's march of disrespecting IslamTurkish President Tayyip Erdogan on Sunday accused a women's march in centr...
Read more »
In Muslim Malaysia, uproar over LGBTQ groups at Women's Day marchThis is the latest example of what civil rights groups say is evidence of growing hostility toward lesbian, gay, bisexual and transgender people in Malaysia.
Read more »