Home Breaking News Consumer sentiment in March not quite as strong on second look

Consumer sentiment in March not quite as strong on second look

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Reuters


Most Americans are optimistic about the U.S. economy.

Most Americans were optimistic about the U.S. economy in March, but not quite as much as initially reported, according to the final reading of a consumer sentiment survey.

The index of consumer sentiment was revised to 96.9 in March from preliminary 97.6, the University of Michigan said Friday. The index registered 96.3 in February.

In January, the index shot up to its highest level since 2004, largely because of confidence among Republicans and independents. Democrats are in a funk, however, and they expect the economy to worsen.

A long-standing partisan divide in the sentiment survey widened after the election of Donald Trump. Other surveys have found the same result.



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