US Consumer Sentiment Brightens In March
By MARTIN CRUTSINGER
WASHINGTON (AP) â¿¿ A survey shows Americans' view of the economy improved at the end of the month, as lower unemployment and healthy job gains are making tax increases less of a burden.
The University of Michigan final consumer sentiment index rose to 78.6 in March. That's up from a preliminary reading of 71.8 and February's 77.8 reading. A year ago, the index stood at 76.2
Cooper Howes, an economist at Barclays, said the increase suggests consumers are not deterred by higher Social Security taxes, which have lowered take-home pay for most Americans. Helping offset the tax increase is a better job market. Employers have added an average of more than 200,000 jobs a month since November.A separate report Friday showed consumers increased spending in February after their income jumped.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts