Sponsored by: Investment Center

Something new in your business?  Click here to submit your business press release

Chamber Corner | Main Street News | Job Hunt | Classifieds | Calendar | Illinois Lottery 

US consumer sentiment brightens in March

Send a link to a friend

[April 01, 2013]  WASHINGTON (AP) -- A survey shows Americans' view of the economy improved at the end of the month, as lower unemployment and healthy job gains are making tax increases less of a burden.

The University of Michigan final consumer sentiment index rose to 78.6 in March. That's up from a preliminary reading of 71.8 and February's 77.8 reading. A year ago, the index stood at 76.2

Cooper Howes, an economist at Barclays, said the increase suggests consumers are not deterred by higher Social Security taxes, which have lowered take-home pay for most Americans. Helping offset the tax increase is a better job market. Employers have added an average of more than 200,000 jobs a month since November.

A separate report Friday showed consumers increased spending in February after their income jumped.

[Associated Press; By MARTIN CRUTSINGER]

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

< Top Stories index

Back to top


 

News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries

Community | Perspectives | Law & Courts | Leisure Time | Spiritual Life | Health & Fitness | Teen Scene
Calendar | Letters to the Editor