Keeping you up to date on the latest data releases.
Final numbers show that the University of Michigan’s Index of Consumer Sentiment increased to 84.1 from the preliminary number (82.6) posted earlier in April. This reading is the highest reading since July 2013. The Index of Consumer Expectations increased to 74.7 from the preliminary number of 73.3. The economic conditions index increased to 98.7 from the preliminary number of 97.1.
As for inflation expectations in April, consumers expect a year-ahead inflation rate of 3.2 percent and a longer (five- to ten-years) rate of 2.9 percent.