Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. fell by more than initially estimated in the month of March.
The report showed the consumer sentiment index for March was downwardly revised to 59.4 from the preliminary reading of 59.7. Economists had expected the index to be unrevised.
With the unexpected downward revision, the consumer sentiment was at its lowest level since hitting 55.8 in August of 2011.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.