University of Michigan's Index of Consumer Sentiment posted a final April reading of 63.5, up from March's 62.0; short and long-run economic outlook improved modestly month-over-month

Sample article from our Housing & Economy

April 28, 2023 (press release) –

Final Results for April 2023

  Apr Mar Apr M-M Y-Y
  2023 2023 2022 Change Change
Index of Consumer Sentiment 63.5 62.0 65.2 +2.4% -2.6%
Current Economic Conditions 68.2 66.3 69.4 +2.9% -1.7%
Index of Consumer Expectations 60.5 59.2 62.5 +2.2% -3.2%

 

Read our April 28th report, Confidence in Financial Institutions.
Next data release: Friday, May 12, 2023 for Preliminary May data at 10am ET
Surveys of Consumers Director Joanne Hsu
Consumer sentiment was little changed this month, inching up less than two index points from March. Buying conditions for durables improved 11% primarily on the basis of easing perceptions of unaffordability. Despite the increasingly negative news on business conditions heard by consumers, their short and long-run economic outlook improved modestly from last month. These improvements were balanced by worsening assessments of personal finances due to higher expenses, reflecting the ongoing pain stemming from continued high prices.

Industry Intelligence Editor's Note: This press release omits select charts and/or marketing language for editorial clarity. Click here to view the full report.

 

 

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