U.S. consumer sentiment unexpectedly improves in AprilStaff Writer | April 13, 2017
Consumer sentiment in the U.S. has unexpectedly improved in the month of April, according to a report by the University of Michigan.
America A report by the University of Michigan:
"Consumer sentiment inched upward in early April mainly due to more favorable views of current economic conditions," said Richard Curtin, the survey's chief economist.
The current economic conditions index reached its highest level since 2000, climbing to 115.2 in April from 113.2 in March.
The index of consumer expectations showed a more modest increase, inching up to 86.9 in April from 86.5 in the previous month.
On the inflation front, one-year and five-year inflation expectations in April were both unchanged from the previous month at 2.5 percent and 2.4 percent, respectively. ■