The 14th of March, Washington, DC (Reuters) - In March, consumer confidence and inflation forecasts in the United States showed no change, according to a study that was released on Friday.
The preliminary reading on the overall index of consumer sentiment that was taken by the University of Michigan this month came in at 76.5
which is a significant improvement from the final number that was taken in February, which was 76.9. In a survey conducted by Reuters, economists predicted that the preliminary reading would be 76.9.
As stated in a statement, "Consumers perceived few signals that the economy is currently improving or deteriorating," said Joanne Hsu, who is the Director of Surveys of Consumers. "
Indeed, many are withholding judgment about the trajectory of the economy, particularly in the long term, pending the results of this November's election."
As of March, the reading of the survey regarding forecasts for inflation over the next year remained unchanged at 3.0%.
During the fourth consecutive month, the survey's forecast for inflation over the next five years remained unchanged at 2.9%.
During the fourth consecutive month, the survey's forecast for inflation over the next five years remained unchanged at 2.9%.
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