Americans have kept up a solid run of optimism, supported by a labor market that’s still humming and confidence that growth-boosting policies will take shape under the Trump administration. Some 52 percent of respondents to the Michigan survey reported that their finances had recently improved, the highest share since 2000. The more favorable assessment reflected higher incomes and wealth, as well as low prices.
US Consumer Sentiment surprisingly rose in April
Consumer sentiment advanced to a three-month high in April as Americans’ optimism about their current financial situation and the economy reached the strongest point since 2000, University of Michigan survey data showed Thursday. Preliminary sentiment index rose to 98 (forecast was 96.5) from 96.9 in March. Current conditions gauge, which measures Americans’ perceptions of their personal finances, increased to 115.2, the highest since November 2000, from 113.2 the prior month. Expectations measure improved in April to 86.9 from 86.5.
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