Friday, April 16, 2010

University of Michigan Consumer Sentiment Index Down 4.1 Points

In April, the University of Michigan Consumer Sentiment Index fell by 4.1 points to 69.5. This decline now brings the index to its lowest level since November. This drop in confidence seems to be at odds with growth in consumer spending recently despite minimal rises in income. The drop over the month was primarily due to the future expectations component, which fell 5.6 points. The current conditions component also fell, but by a lesser 1.7 points.

Inflation expectations were mixed. Looking forward one year, expectations rose to 2.9% from 2.7% in March. The five-year outlook was unchanged at 2.7%.

10.04.16 (Source: University of Michigan)

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