ECONOMY

Survey Finds Drop in Consumer Expectations: The University of Michigan’s preliminary consumer sentiment for March dropped to 91.8 from 95.1 in February, according to people familiar with the report. The university also said its index of current economic conditions fell to 106.5 from 109.3 in February. Michigan’s index of consumer expectations, a component of the government’s index of leading economic indicators, fell to 82.5 from 85.9 last month. The University of Michigan index is based on 100, set in 1966. Since 1966, the record high for the sentiment index is 101, set in March, 1984. The record low is 51.7, set in April, 1980.