US consumer confidence slips in MarchMarch 28, 2014 @ 9:17 am
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.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Seattle's Historic Eyesore
In the heart of Seattle, an historic landmark is being called a blight on the city
Back In Boom
Seahawks' defense returns to its dominant form against Arizona
Pass the Potatoes
Seattle Kitchen takes 5 Thanksgiving dishes from ordinary to extraordinary
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.