Saturday, March 17, 2007

Forex News: 16.03.2007 Consumer sentiment at lowest level in 6 months

Pummeled by higher gasoline prices, a weaker stock market and news about foreclosures, consumer sentiment fell in March to the lowest level since September.

The University of Michigan consumer sentiment index fell to 88.8 in March from 91.3 in February. The decline was exactly as expected by economists.

Attitudes about the current economy fell to 103.6 from 106.7 in February. The expectations index dropped to 79.3 from 81.5 in February.


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