Consumers felt a great success in March, where fears of inflation and declining stock market intensified, according to the last survey of morale at Michigan University on Friday.
The survey recorded the mid -month reading of 57.9, which represented a 10.5 % decrease from February and was less than the Dow Jones consensus of 63.2. Reading was 27.1 % less than a year.
While the current conditions index decreased by 3.3 %, the expectations for the future were from 15.3 % on a monthly basis and 30 % of the same period in 2024.
In addition, fears have grown where inflation is heading at a time when President Donald Trump is defining against American trading partners.
Expectations increased for a year to 4.9 %, an increase of 0.6 percentage points from February and the highest reading since November 2022. On the five -year horizon, the outlook jumped to 3.9 %, an increase of 0.4 percentage points to the highest level since February 1993.
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