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10:01 AM ET
March UMich consumer sentiment 88.8 as expected
March UMich consumer sentiment 88.8 vs. 91.3 Feb.
March UMich current conditions 103.6 vs. 106.7 Feb.
March UMich expectations 79.3 vs. 81.5 Feb.: reports

ECONOMIC REPORT: Consumer sentiment at lowest level in 6 months
By Rex Nutting, MarketWatch Last Update: 10:08 AM ET Mar 16, 2007

WASHINGTON (MarketWatch) - Pummeled by higher gasoline prices, a weaker stock market and news about foreclosures, consumer sentiment fell in February to the lowest level since September.
The Reuters/University of Michigan consumer sentiment index fell to 88.8 in March from 91.3 in February, Reuters reported. The decline was exactly as expected by economists surveyed by MarketWatch.
Both subindexes were also at the lowest levels since September.
Attitudes about the current economy fell to 103.6 from 106.7 in February.
The expectations index dropped to 79.3 from 81.5 in February.
Consumers' inflation expectations were unchanged from February. Over the next year, consumers expect prices to rise 3%. Over the next five years, they expect prices to rise 2.9% annually.