US consumer sentiment falls to three-month low in March
The University of Michigan index fell to 53.3 in March as conflict drove oil prices higher. Households cited rising gas costs and financial market volatility.
Xurve View
Xurve View
Consumer sentiment in the United States retreated to a three-month low in March as geopolitical tensions in the Middle East fueled oil price hikes and financial market instability. The University of Michigan's Surveys of Consumers reported that its Consumer Sentiment Index fell to a final reading of 53.3, down from 55.5 earlier in the month and 56.6 in February. The figure also missed the 54.0 forecast previously set by economists.
