Market news
16.04.2021, 14:15

U.S. consumer sentiment index rises less than anticipated in early April

A report from the University of Michigan revealed on Friday the preliminary reading for the Reuters/Michigan index of consumer sentiment increased 1.9 percent m-o-m to 86.5 in early April. This was the highest reading since March 2020.

Economists had expected the index would increase to 89.6 this month from March’s final reading of 84.9.

According to the report, the index of current U.S. economic conditions surged 4.5 percent m-o-m to 97.2 in April from 93.0 in the previous month. Meanwhile, the index of consumer expectations remained unchanged m-o-m at 79.7.

“Consumers in early April reported surging economic growth and strong job gains due to record stimulus spending, low-interest rates, and the positive impact of vaccinations,” noted Surveys of Consumers chief economist, Richard Curtin. “The strength in current economic conditions reflects much larger than usual stimulus payments during the past year, and much larger than usual economic gains due to comparisons with last year's shutdowns. Other factors suppressed the pace of expected gains, including persistent concerns with vaccine safety as well as a surge in year-ahead inflation expectations to 3.7%, the highest level in nearly a decade,” he added.

© 2000-2021. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at

Live Chat E-mail
Choose your language / location