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US Michigan consumer sentiment shows consumers do not anticipate a recession

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    US Michigan consumer sentiment eased in March to 90 from Feb’s 91.7. The data missed estimate of 92.2.

    Key points in the text

    Sentiment eased due to increased concerns about prospects for the economy as well as the expectation that gas prices would inch upward during the year ahead.

    Consumers do not anticipate a recession; they no longer expect the economy to outperform the 2.4% rate of economic growth recorded in the past two years.
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