U.S. Consumer Sentiment Unexpectedly Improves In April
April 13 2017 - 5:10AM
RTTF2
Consumer sentiment in the U.S. has unexpectedly improved in the
month of April, according to a report released by the University of
Michigan on Thursday.
The report said the consumer sentiment index rose to 98.0 in
April from 96.9 in March. Economists had expected the index to edge
down to 96.6.
"Consumer sentiment inched upward in early April mainly due to
more favorable views of current economic conditions," said Richard
Curtin, the survey's chief economist.
The current economic conditions index reached its highest level
since 2000, climbing to 115.2 in April from 113.2 in March.
The index of consumer expectations showed a more modest
increase, inching up to 86.9 in April from 86.5 in the previous
month.
On the inflation front, one-year and five-year inflation
expectations in April were both unchanged from the previous month
at 2.5 percent and 2.4 percent, respectively.
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