US consumer confidence slips in March

WASHINGTON (AP) — U.S. consumer sentiment slipped in March from the previous month, as Americans said they were less likely to buy cars and homes because of slightly higher interest rates.

The University of Michigan says its consumer sentiment index dipped to 80 in March from 81.6 in February. That's still about five points higher than last fall, when sentiment fell during the government shutdown. The index was 82.5 in December.

Economists say that the figures suggest confidence didn't take a big hit during the harsh winter. That could bode well for spending as the weather improves. And Americans are more optimistic about the economy this year. One out of three respondents said they expect their finances to improve in the year ahead, the highest proportion since the recession ended in June 2009.

Related Headlines

  • Edward Curran

    Stocks trade mixed; Dow rises while tech skids

    The stock market is mostly higher in midday trading even as several Internet companies including AOL and Groupon take a plunge. Several companies including Molson Coors and ... 

  • Theodore Nelson

    US stocks head lower for a third day straight

    U.S. stocks are heading lower for the third day in a row as investors continue to worry about slower growth in China and the lingering tensions in Ukraine. The Standard & ... 

  • Nicholas DeStefano

    US stock market ends slightly lower

    The U.S. stock market is closing slightly lower after a survey on hiring did little to ease uncertainty about the health of the economy. The Dow Jones industrial average ... 

  • Orders for US durable goods fell 1 percent in Jan.

    American businesses ordered fewer durable manufactured goods in January, cutting demand for planes, autos and machines. But a key category that reflects business investment ... 

Find the best rates

Find your future job here