US Consumer Sentiment at 3-Month High

The University of Michigan's preliminary reading on the overall index of consumer sentiment came in at 95.9 in April, up from 93 in March and above market expectations. Both current and future expectations increased while the inflation outlook slowed.

The barometer of current economic conditions increased to 108.2 from 105 reported in March.

The gauge of consumer expectations rose to 88 from 85.3 in the previous month.

Americans expect the inflation rate in the next year will be 2.5 percent, compared with 3 percent in March. Over the next 5 to 10 years, they expect consumer prices to slow to 2.6 percent, compared with 2.8 percent in March.

US Consumer Sentiment at 3-Month High

University of Michigan | Joana Taborda |
4/17/2015 3:13:34 PM