In a stunning reversal from the recent improving trend, the University of Michigan Consumer Sentiment Index preliminary report for March came in at 68.2.
Consumer and small business sentiment remains at or near levels associated with the bottoms of other recent recessions. For consumers and small businesses this really is The Great Recession.
Conference Board Consumer Confidence Index was released this morning based on data collected through January 18. The 60.6 reading was significantly above the consensus estimate of 53.5, according to Briefing.com. Bloomberg had expected a rise to 54 based on a survey range from 50 to 57.3.
The University of Michigan Consumer Sentiment Index is strongest of consumer and small business indexes, but all remain at or near lows of previous recessions.
The Conference Board Consumer Confidence Index, released this morning based on data collected through December 20, was 52.5 reading, well below consensus estimates.