Keeping you up to date on the latest data releases.
Final numbers show that The University of Michigan’s Index of Consumer Sentiment has risen to 76.4 from the preliminary number, 72.3, posted earlier in April. Both of the components, Current Economic Conditions and the Index of Consumer Expectations, contributed to the intramonth gain.
As for inflation expectations, consumers now expect a year-ahead inflation rate of 3.1 percent and a longer-term (five- to ten-year) rate of 2.9 percent. Both of these numbers have risen by 0.1 percentage point during the month.