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U.S. consumer sentiment picks up more than expected in March

U.S. consumer sentimentConsumer sentiment improved more than expected in March, according to the preliminary reading from the University of Michigan.

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READ MORE U.S. consumer sentiment improves more than expected in December

The consumer sentiment index rose to 97.6 from 96.3 in February and 91.0 in January 2016, beating expectations for a reading of 97.0.

Meanwhile, the current economic conditions index increased to 114.5 from 111.5 the month before and 105.6 in the same month last year.

The index of consumer expectations nudged up to 86.7 from 86.5 in February and 81.5 in March last year.

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