U.S. Michigan Consumer Sentiment Index Fell to 68.2
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Confidence among U.S. consumers fell more than forecast in March as a surge in fuel prices threatened to squeeze household budgets.
The Thomson Reuters/University of Michigan preliminary index of consumer sentiment fell to 68.2, the lowest in five months, from 77.5 in February. The gauge was projected to decline to 76.3, according to the median estimate of 68 economists in a Bloomberg News survey. The index of expectations plunged to the lowest level since March 2009.