US: Consumer sentiment eases to 97 in final (Apr) reading - UoM

Eren Sengezer FXStreet

Consumer sentiment continued to travel along the high plateau established following Trump's election, with only minor deviations from its five-month average of 97.4, said Richard Curtin, Surveys of Consumers chief economist.

Key quotes:

There was widespread agreement among consumers on their very positive assessments of the current state of the economy as well as widespread disagreement on future economic prospects
Favorable economic developments were cited by nearly all Republicans in April, while three-quarters of Democrats reported hearing negative news about the economy
The level of optimism among Independents, who account for 42% of all consumers, points toward continued growth in consumer spending in 2017 at about a 2.5% pace

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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