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