PARIS, March 17 (Reuters) – The morale of American households has deteriorated against all expectations since the beginning of March, the first results of the monthly survey by the University of Michigan showed on Friday.
Its confidence index stood at 63.4 while economists polled by Reuters had expected a figure of 67.0, as in February.
The component of consumers’ judgment of their current situation stood at 66.4 after 70.7, while that of prospects came out at 61.5 after 64.7. For these two sub-indices, the consensus was 70.0 and 64.5 respectively. (Written by Claude Chendjou, edited by Jean-Stéphane Brosse)
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