Michigan sentiment rises to one-year peak
Consumer sentiment rose to its highest level in a year in April, the University of Michigan’s sentiment index showed on Friday. Data showed Americans were more optimistic about the economic outlook in the United States as gas prices eased from their peaks, which gave households some respite together with an improving jobs market and higher incomes.
The Michigan final consumer sentiment climbed to 76.4 from 76.2 in March, versus a previous estimate of 75.7. The chart below shows that since October 2011, the final figure has been above the quarterly trend represented by the 3-month simple moving average.
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