+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Here comes consumer confidence ...

Mar 17, 2017, 19:16 IST

AP

The University of Michigan will publish preliminary results of its March survey of consumers at 10 a.m. ET.

Advertisement

Economists forecast that the consumer sentiment index increased to 97 from 96.3 in the final February reading, according to Bloomberg.

This measure of consumer confidence and others have jumped since the November election. And although they are a gauge of how Americans feel about the new administration, the details show that opinions are more divided than ever.

The survey from UMich showed that while Republicans expected robust economic growth, Democrats predicted a recession. Since economists expect neither extreme this year, the likely outcome is somewhere in the middle, according to UMich.

Last month's report showed the first decline in the headline index since the election, suggesting that what UMich called a honeymoon phase with President Donald Trump's administration may be nearing its end until some policies start getting implemented.

Advertisement

More to come ...

NOW WATCH: 7 mega-billionaires who made a fortune last year

Please enable Javascript to watch this video
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article