The Thomson Reuters/University of Michigan’s survey of consumer sentiment rose slightly towards the end of April but has largely remained unchanged since November:
At 72.2, the Thomson Reuters/University of Michigan’s Surveys of Consumers’ final April reading on the overall index on consumer sentiments also was above the preliminary reading of 69.5 for the month, which was the lowest in five months.
Analysts polled by Reuters had predicted a sentiment reading of 71 for April. The reading was 73.6 in March.
“Confidence in the economic policies and legislation promoted by the Obama administration remained at low levels, although confidence did record a small rebound in late April,” Richard Curtin, director of the surveys, said in a statement.
The report is somewhat convoluted. Basically, it declined slightly from March to April but not as much as they’d expected. Changes appear to be within the margin of error.
