U.S. Economic News

March 12, 2021

U.S. Economic Indicators

The University of Michigan Consumer Sentiment Index increased 6.2 points to 83.0 in the preliminary March reading but is down 6.1 points from March of last year. The Index of Consumer Expectations rose 6.8 points to 77.5, while the Current Economic Conditions Index rose 5.3 points to 91.5. University of Michigan

The headline Producer Price Index (“PPI”) for final demand increased 0.5% in February and is up 2.8% year-over-year. The core – which removes the volatile prices of food, energy, and trade services – edged up 0.2% in February and is up 2.2% year-over-year. BLS Report