U.S. Consumer Sentiment at a four-month low
U.S. Consumer Sentiment index decreased to 91.2 this month from 95.4 in February. The median projection in of economists called for a reading of 95.5. Consumer confidence declined in March to a four-month low as optimism about the U.S. economy was tempered by weaker income expectations and a rebound in gasoline prices.
“Positive personal financial gains lessened in early March among lower- and middle-income households due to fewer reports of income gains and more frequent reports of drains on their budgets due to higher utility costs,” Richard Curtin, director of the Michigan Survey of Consumers, said in a statement. At the same time, “the data provide no indication that consumers think that robust job growth has ended.”
Despite the figures USD is broadly higher against its major rivals. Euro is currently being traded few points below 1.0520 level, Sterling is around 1.4730 area, while Aussie is above 0.7630 level.
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