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2011.03.2510:06:00UTC+00U.S. Consumer Sentiment Index Downwardly Revised By More Than Expected

Consumer sentiment in the U.S. deteriorated by more than previously estimated in March, according to a report released by Reuters and the University of Michigan on Friday, with the consumer sentiment index downwardly revised by more than anticipated.

The report showed that consumer sentiment index was downwardly revised to a reading of 67.5 in March from the preliminary estimate of 68.2 and is well below the February reading of 77.5. Economists had expected the index to be revised down to a reading of 68.0.

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