CONSUMER SENTIMENT RISES TO HIGHEST LEVEL IN A YEAR

Key Points:

  • The Michigan Consumer Sentiment Index released by the University of Michigan is a survey of personal consumer confidence in economic activity.
  • 78.5 was the consensus among economists, but in actuality the Index increased to 83.0 in early March.
  • The largest monthly gains were concentrated among households in the bottom third of the income distribution as well as those aged 55 or older.
  • The Right Facts will continue to monitor consumer sentiment post-pandemic.
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