Company News

US Consumer Sentiment Sputters

Analysts blame decline on higher gasoline prices.

Author Image

By: TOM BRANNA

Editor

The high-flying US stock market is in contrast to US consumer sentiment, according to data from a recent survey by Thomson Reuters and the University of Michigan. The decline was blamed on higher gasoline prices. The Thomson Reuters/University of Michigan’s preliminary reading on the overall index on consumer sentiment slipped to 74.3 from 75.3 in February, contrary to economists’ forecasts for a gain to 76.0. Still, consumers did not expect the run-up in gasoline prices to...

Continue reading this story and get 24/7 access to Happi for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Happi Newsletters