UMichigan/Reuters Preliminary Consumer Sentiment Survey falls in March.

March 14, 2008 - Forex Economic News

The preliminary consumer sentiment survey by the University of Michigan and Reuters fell to a 70.5 score in March after scores of 70.8 in February and 78.4 January. The preliminary report does not include the full total of survey responses and is released in a finalized version later in the month. The preliminary expectations index, which measures future economic sentiment, declined from 62.4 in February to 61.4 in March. The current conditions index, which registered 83.8 in February, increased to 84.6 in March. The March sentiment score of 70.5 marked the lowest reading in the survey since February of 1992 and the survey is down almost 30 percent from its high point in January of 2007. Despite the low points of the survey, the results were better than market forecasts which predicted the survey to come in around 69.0 to 69.5. The final version of the survey is scheduled to be released on March 28th.

Tags: consumer sentiment, confidence survey, university of michigan, reuters, preliminary survey

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