U.S. Consumer Sentiment Dips Less Than Initially Estimated In April
26 April 2019 - 12:14PM
RTTF2
Revised data released by the University of Michigan on Friday
showed U.S. consumer sentiment dipped by slightly less than
initially estimated in the month of April.
The consumer sentiment index for April was upwardly revised to
97.2 from the preliminary reading of 96.9, although the index
remains below the final March reading of 98.4. Economists had
expected the index to be upwardly revised to 97.0.
Surveys of Consumers chief economist Richard Curtin noted the
index has recorded only small monthly variations since President
Donald Trump first took office, remaining between 95.0 and 99.0 for
21 of the past 28 months.
"Variations within plus or minus 2.0 percentage points for the
Sentiment Index meant that most of the monthly changes were
statistically insignificant," Curtin said.
He added, "The last time consumer sentiment was as favorable for
as long a period of time was during the late stages of the Clinton
expansion."
The report said the current economic conditions index edged down
to 112.3 in April from 113.3 in March, while the index of consumer
expectations dipped to 87.4 from 88.8.
On the inflation front, one-year inflation expectations were
unchanged from the previous month at 2.5 percent, but five-year
inflation expectations fell to 2.3 percent in April from 2.5
percent in March.
US Dollar vs Yen (FX:USDJPY)
Forex Chart
Von Apr 2024 bis Mai 2024
US Dollar vs Yen (FX:USDJPY)
Forex Chart
Von Mai 2023 bis Mai 2024