University of Michigan consumer sentiment for March 2020:
- Lowest since Oct 2016
- Prelim was 95.9
- Prior was 101.0
- Current conditions 103.7 vs 106.0 expected (prior was 114.8)
- Expectations 79.7 vs 77.0 expected (prior was 92.1)
- 1-year inflation 2.2% vs 2.3% prelim
- 5-10 year inflation 2.3% vs 2.3% prelim
Much of this survey was taken before the wheels came off. Expect a further significant drop in the April numbers.
