Consumer sentiment hits nine-month high in April

NEW YORK Fri Apr 11, 2014 9:59am EDT

A shopper walks down an aisle in a newly opened Walmart Neighborhood Market in Chicago in this September 21, 2011 file photo. REUTERS/Jim Young/Files

A shopper walks down an aisle in a newly opened Walmart Neighborhood Market in Chicago in this September 21, 2011 file photo.

Credit: Reuters/Jim Young/Files

NEW YORK (Reuters) - U.S. consumer sentiment rose in April to its highest in nine months as both current conditions and expectations brightened, a survey released on Friday showed.

The Thomson Reuters/University of Michigan's preliminary April reading on the overall index of consumer sentiment came in at 82.6, the highest since July, compared with the final reading of 80.0 in March.

It was also above the median forecast of 81.0 among economists polled by Reuters.

"Economic news reaching consumers grew more favorable in early April," survey director Richard Curtin said in a statement.

"Net reports on changes in employment were more favorable, and negative mentions about current economic policies eased."

The survey's barometer of current economic conditions rose to 97.1 from 95.7 and above a forecast of 96.3.

The survey's gauge of consumer expectations rose to 73.3 from 70.0 and beat an expected 71.4.

The survey's one-year inflation expectation dipped to 3.1 percent from 3.2 percent, while the survey's five-to-10-year inflation outlook edged up to 3.0 percent from 2.9 percent.

(Reporting by Rodrigo Campos; Editing by Meredith Mazzilli)

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Comments (3)
8s241527j wrote:
Good for stocks and the dollar =)

Apr 11, 2014 10:27am EDT  --  Report as abuse
8s241527j wrote:
Good for the dollar!!!

Apr 11, 2014 10:29am EDT  --  Report as abuse
Bakhtin wrote:
More good news for Obama, and an indicator that Americans are tiring of the doom-and-gloom, sky-is-falling rhetoric from Republicans.

The continued economic growth that Democrats have delivered is starting to pay off, as more cofidence = more spending = more growth = more confidence. The only fly in the ointment is if Republicans get a Senate majority – can the US economy survive that?

Apr 11, 2014 11:11am EDT  --  Report as abuse
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