The Survey of Consumers, a closely-watched gauge of consumer sentiment, rose from the preliminary to 97.2 in April, slightly beating the consensus forecast. The preliminary reading came in at 96.9 earlier this month.
“The Index of Consumer Sentiment has moved sideways, recording only small monthly variations since Trump first entered office,” Richard Curtain, chief economist for the Survey of Consumers, said. “The Sentiment Index has averaged 97.2 in the past 28 months, identical to the April 2019 reading.”
The Consumer Sentiment Index has remained between 95.0 and 99.0 for 21 of the past 28 months, with +/- 2.0 variations that were statistically insignificant.
Mr. Curtain also noted consumer sentiment has not been this favorable for this long since the late stages of the expansion during the second half of the Clinton Administration.
“The Index of Consumer Sentiment has moved sideways, recording only small monthly variations since Trump first entered office,” Richard Curtain, chief economist for the Survey of Consumers, said. “The Sentiment Index has averaged 97.2 in the past 28 months, identical to the April 2019 reading.”
The Consumer Sentiment Index has remained between 95.0 and 99.0 for 21 of the past 28 months, with +/- 2.0 variations that were statistically insignificant.
Mr. Curtain also noted consumer sentiment has not been this favorable for this long since the late stages of the expansion during the second half of the Clinton Administration.