- Analytics
- News and Tools
- Market News
- U.S. consumer sentiment better than initially estimated in April
U.S. consumer sentiment better than initially estimated in April
The
final reading for the April Reuters/Michigan index of consumer sentiment came
in at 88.3 compared to a preliminary reading of 86.5 and the March final
reading of 84.9. This was the highest reading since March 2020.
Economists
had forecast the index to be revised to 87.4.
According
to the report, the index of consumer expectations rose 3.8 percent m-o-m to 82.7
from March’s final reading of 79.7, while the index of the current economic
conditions climbed 4.5 percent m-o-m to 97.2 from March’s final reading of 93.0.
“The
April survey recorded continued gains in consumer confidence due to a growing
sense that the upward momentum in jobs and incomes will persist,” noted
Richard Curtin, the Surveys of Consumers chief economist. “The renewed
confidence is due to record federal stimulus spending, both recently passed and
proposed, as well as the positive impact from a growing share of the population
who are vaccinated. The largest and most important change in April was that an
all-time record number of consumers expected declines in the unemployment rate
during the year ahead.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
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.
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 teletrade.org. 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 pr@teletrade.global.
Bank transfers
