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Monday, December 16, 2019
HomeNewsEconomyPreliminary Reading on Consumer Sentiment for April Eases Slightly

Preliminary Reading on Consumer Sentiment for April Eases Slightly

People count money at Macy's Herald Square store during the early opening of the Black Friday sales in the Manhattan borough of New York, November 26, 2015. (Photo: Reuters)

Sentiment Index for Past 30 Months Posted Highest Levels Since 1997-2000

People count money at Macy's Herald Square store during the early opening of the Black Friday sales in the Manhattan borough of New York, November 26, 2015. (Photo: Reuters)
People count money at Macy’s Herald Square store during the early opening of the Black Friday sales in the Manhattan borough of New York, November 26, 2015. (Photo: Reuters)

The preliminary reading on consumer sentiment for April eased back slightly and missed the consensus forecast, though remains elevated. Last month, the prelim showed a decline only to see a beat in the final read.

Survey of ConsumersPriorConsensusRangeActual
Consumer Sentiment Index98.4 98.0 96.0  to 99.5 96.9 
Current Economic Conditions113.3NANA114.2
Index of Consumer Expectations88.8NANA85.8

The Current Economic Conditions Index dipped slightly from 114.2 in March to 113.3 in April, while the Index of Consumer Expectations lost 3 points to 85.8.

“Consumer confidence continued its sideways shuffle in early April, posting an insignificant decline following the small gain recorded last month,” Richard Curtain, chief economist for the Survey of Consumers said.

“Overall, the level of the Sentiment Index during the past 30 months was higher than any other time since 1997 to 2000.”

That was the final phase of the record 10-year expansion; “a record that will be soon overtaken by the current expansion,” Mr. Curtain added.

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