Economic Buzz: US Consumer Sentiment Index Improves In April

2 May 2022 , 09:09 AM

Consumer sentiment in the US improved slightly less than initially estimated in the month of April. The consumer sentiment index for April was downwardly revised to 65.2 from the preliminary reading of 65.7. Nonetheless, the index is still sharply higher than the final March reading of 59.4. The rebound from the previous month was concentrated in expectations, with the year-ahead outlook for the economy spiking by 21.6 percent and personal financial expectations surging by 18.3 percent. The index of consumer expectations shot up 62.5 in April from 54.3 in March, while the current economic conditions index rose to 69.4 from 67.2. On the inflation front, one-year and five-year inflation expectations were unchanged at 5.4 percent and 3.0 percent, respectively.

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