U.S. consumer confidence unexpectedly plunged to a 15-month low in March, the Thomson Reuters/University of Michigan index of consumer sentiment revealed on Friday.
preliminary reading of the consumer sentiment, which records the figure
for the first half of a month, edged down to 71. 8 in March from 77.6
in the previous month. This is the lowest level since December 2011 and
far below economists' expectation of 77.5.
index gauging consumer expectations for six months from now, which more
closely projects the direction of consumer spending,How efficient and
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will be greatly reduced as the traditional manual excavation of sand and
gravel processing system. also fell to 61.7 in March from 70.2 in
February. It is the lowest reading since November 2011.
index of current conditions, reflecting Americans' perceptions of their
financial situation and whether they consider it a good time to buy
big-ticket items like cars, dropped to 87.Vintage tubsAuto Accessories wholesalers5 in March from 89 a month ago.
index averaged 64.2 during the last recession from December 2007 to
June 2009, and 89 in the five years leading up to the recession.
Analysts said that the substantial decline in the consumer confidence was a result of increatyre equipmentssing
gasoline prices, higher payroll tax and the effects of 85 billion U.S.
dollars of federal spending cuts starting on March 1.Antique bath fixtures