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CONSUMER SENTIMENT: March Consumer Sentiment Level Soars to 78.7

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NEW YORK – Based on latest reports, the Thomson Reuters-Michigan University consumer-sentiment gauge soared to a final reading this month of 78.7 — the biggest mark since four months ago — from a final reading of 77.6 in February.

Economists surveyed had anticipated a final reading of 73 for the current month, with worries regarding the economic rulings of government taking a toll.

An initial reading pegged for the current month is at 71.7. While share prices have been increasing, consumers also dealt with worrisome news on the huge spending cuts by government comprising the sequester.

The measurement of sentiment, which concerns how consumers look at their personal spending and even buying behavior, averaged about 86.5 for 2013 before the beginning of the most recent economic recession.

Economists monitor sentiment information to get an overall concept for the path of consumer budget and spending.

 

Hazel Bender

About Hazel Bender

Working out of the suburbs of Houston Texas, Hazel has had stints awith some of the foremost independent news media out of Dallas and Austin before joining our team as one of our two in house editors. She's responsible for reviewing everything that goes up on this site. She's our quality control person even though she often chips in with her fair share of articles. She's a geek at heart and loves Gadgets, technology, fashion and celebrity news.

  • http://twitter.com/DebaucheryKing Steve

    Soars – PLEASE. Where did this girl go to school (assuming she went to school), and where are the editors that allowed for this headline?

    A reading that goes from 77.6 to 78.7 is barely a 1% rise – that is not soaring. Secondly by historical standards the 78.7 is still WAY below the norm, or what is considered healthy.