USA News Today | Daily Us NewsPaper
Tuesday, July 22, 2025
  • Politics
  • Headlines
  • Local news
  • Business
  • Science
  • Lifestyle
  • Tech
USA News Today | Daily Us NewsPaper
No Result
View All Result
Home Business

U.S. Consumer Sentiment Dips More Than Previously Estimated In April

April 26, 2024
in Business


Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. deteriorated by more than previously estimated in the month of April.

The University of Michigan said its consumer sentiment index for April was downwardly revised to 77.2 from a preliminary reading of 77.9.

Economists had expected the consumer sentiment index to be unrevised from the preliminary reading, which was down from 79.4 in March.

“Different parts of the population exhibited offsetting changes this month,” said Surveys of Consumers Director Joanne Hsu. “Republicans posted notable declines in sentiment this month, whereas Democrats and Independents did not. Sentiment for younger consumers rose, in contrast to middle-aged and older adults whose sentiment changed little or fell.”

She added, “Overall, consumers continue to express uncertainty about the future trajectory of the economy pending the outcomes of the upcoming election, but at this time there is no evidence that global geopolitical factors are on the forefront of consumers’ minds.”

The decrease by the headline index came as the current economic conditions index fell to 79.0 in April from 82.5 in March, while the index of consumer expectations dipped to 76.0 in April from 77.4 in March.

Meanwhile, the report showed year-ahead inflation expectations increased by slightly more than previously estimated, climbing to 3.2 percent in April from 2.9 percent in March.

Long-run inflation expectations also rose to 3.0 percent in April from 2.8 percent in March, remaining elevated relative to the 2.2-2.6 percent range seen in the two years pre-pandemic.

Copyright © 2024, RTTNews.com, Inc. All Rights Reserved.

Tags: Breaking NewsEconomic NewsForex Top StoryFront Page NewsGeneral NewsTop story

Related Posts

U.S. Consumer Sentiment Tumbles To Six-Month Low In May

by USA News Editor
May 13, 2024
0

A report released by the University of Michigan on Friday showed a substantial deterioration in U.S. consumer sentiment in the...

U.S. Service Sector Activity Contracts For First Time Since December 2022

by USA News Editor
May 3, 2024
0

After growing for fifteen consecutive months, U.S. service sector activity unexpectedly contracted in the month of April, according to a...

U.S. Job Growth Falls Short Of Estimates In April, Unemployment Rate Ticks Higher

by USA News Editor
May 3, 2024
0

After reporting stronger than expected job growth over the past several months, the Labor Department released a report on Friday...

U.S. Factory Orders Surge In Line With Estimates In March

by USA News Editor
May 2, 2024
0

New orders for U.S. manufactured goods surged in line with economist estimates in the month of March, according to a...

U.S. Labor Productivity Increases Modestly In Q1, Labor Costs Spike

by USA News Editor
May 2, 2024
0

A report released by the Labor Department on Thursday showed labor productivity in the U.S. increased by less than expected...

U.S. Trade Deficit Narrows Slightly To $69.4 Billion In March

by USA News Editor
May 2, 2024
0

The U.S. trade deficit edged slightly lower in the month of March, according to a report released by the Commerce...

Advertisement

Today Trend USA News

New York Manufacturing Index Climbs But Still Indicates Contraction In April

1 year ago

Imagine Dragons Announce 2024 North American Tour In Support Of New Album 'Loom'

1 year ago

Kim Petras, Arca & Tokischa To Headline LadyLand 2024

1 year ago
Blur Announce Coachella Warm-Up Show In April

Blur Announce Coachella Warm-Up Show In April

1 year ago
Neil Diamond Musical 'A Beautiful Noise' To Head Out On Tour

Neil Diamond Musical 'A Beautiful Noise' To Head Out On Tour

1 year ago

Anger Increases Risk Of Heart Attack: Study Finds

1 year ago

Popular News Today

  • Russia – NATO Full-scale War Cannot Be Ruled Out: Putin

    0 shares
    Share 0 Tweet 0
  • Israeli Forces Detain Palestine Red Crescent Paramedics

    0 shares
    Share 0 Tweet 0
  • U.S. Import Prices Rise 0.3% In February, In Line With Estimates

    0 shares
    Share 0 Tweet 0
  • About
  • Contact Form
  • Terms of Use
  • Privacy Policy
  • DMCA

© 2024 USANEWS.ONE

No Result
View All Result
  • Politics
  • Headlines
  • Local news
  • Business
  • Science
  • Lifestyle
  • Tech

© 2024 USANEWS.ONE

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.

We respect your privacy and take protecting it seriously