Keeping you up to date on the latest data releases.
- Consumer Sentiment
The University of Michigan’s Index of Consumer Sentiment was revised up from the initial April report, increasing from 75.7 to 76.4. This is a slight improvement from March’s index level of 76.2. The current conditions component was responsible for the upward revision, as it was changed from 80.6 to 82.9. The consumer expectations component was revised down slightly from 72.5 to 72.3. Median short-run (one-year ahead) inflation expectations were adjusted down from 3.4 percent to 3.2 percent. This is a drop off of 0.7 percentage points from March, and is 1.4 percentage points below expectations in April of last year. Longer-term (five-to-ten years ahead) inflation expectations were revised down slightly from earlier in April, going from 3.0 percent to 2.9 percent.