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- U.S. consumer sentiment worsens less than initially estimated in April
U.S. consumer sentiment worsens less than initially estimated in April
The final reading for the April
Reuters/Michigan index of consumer sentiment came in at 97.2 compared to a
preliminary reading of 96.9 and the March final reading of 98.4.
Economists had forecast the index to be revised
upwardly to 97.0.
According to the report, the index of the
current economic conditions fell to 112.3 from March’s final reading of 113.3.
Meanwhile, the index of consumer
expectations decreased to 87.4 from March’s final reading of 88.8.
The report notes that the index of consumer
sentiment has moved sideways, recording only small monthly variations since
Trump first entered office. The sentiment index has averaged 97.2 in the past
28 months, identical to the April 2019 reading. Moreover, the sentiment index
has remained between 95.0 and 99.0 for 21 of the past 28 months. Variations
within plus or minus 2.0 percentage points for the Sentiment Index meant that
most of the monthly changes were statistically insignificant.
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