US Consumer Sentiment Revised Down in April


The final University of Michigan's consumer sentiment for the United States came in at 89 in April of 2016, down from 91.0 in the previous month and lower than preliminary estimates of 89.7. It is the smallest reading since September as future expectations decreased to its lowest since September of 2014 and inflation rate for the next year is seen at a 7-month high.

The gauge of consumer expectations was recorded at 77.6 versus a preliminary reading of 79.6 and a final of 81.5 in the previous month. The barometer of current economic conditions came in at 106.7, higher than a preliminary reading of 105.4 and compared with a final reading of 105.6 in March. 

Americans expect the inflation rate in the next year will be 2.8 percent, higher than a preliminary and a final of 2.7 percent in March. Over the next 5 to 10 years, they expect consumer prices to increase 2.5 percent, matching preliminary estimate but lower than 2.7 percent in the previous month.

US Consumer Sentiment Revised Down in April


University of Michigan | Joana Taborda | joana.taborda@tradingeconomics.com
4/29/2016 3:12:42 PM