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U.S. Consumer Sentiment Index Edges Slightly Lower In March
(RTTNews) - Preliminary data released by the University of Michigan on Friday unexpectedly showed a slight deterioration in U.S. consumer sentiment in the month of March.
The report said the consumer sentiment index edged down to 76.5 in March after falling to 76.9 in February. Economists had expected the index to come in unchanged.
"Consumer sentiment moved little this month with a 0.4 index point decrease that is well within the margin of error, and thus sentiment has been steady and essentially unchanged since January 2024," said Surveys of Consumers Director Joanne Hsu.
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U.S. Labor Productivity Surges Much More Than Previously Estimated In Q2
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U.S. Trade Deficit Widens More Than Expected In July
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U.S. Weekly Jobless Claims Rise More Than Expected
A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 30th.
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