10:16 AM EDT, 03/28/2025 (MT Newswires) -- The University of Michigan consumer sentiment index was revised lower Friday to a reading of 57.0 for March from the 57.9 print in the preliminary estimate, compared with expectations for no revision in a survey compiled by Bloomberg as of 7:45 am ET.

That was further below the final reading of 64.7 in February.

The current conditions index was revised up to 63.8 from a 63.5 preliminary estimate, though still below the 65.7 reading in February. The expectations index was revised down to 52.6 from 54.2. The index was 64.0 in February.

Respondents expected a 5% inflation rate over the next year and 4.1% annual inflation over the next five years, up from 4.3% and 3.5%, respectively, in February.

Michigan said that the increased pessimism in March could been seen across the political spectrum.

The twice-monthly Michigan Sentiment index measures consumer sentiment early in the current month (the preliminary estimate) and is then revised later in the month (the final estimate).

The headline index is a combination of the current assessment and expectations for the near future. An increase in the reading suggests consumers are more confident, a positive for stocks if that confidence translates into spending. Increased demand is usually inflationary, a negative for bonds.