USA: Michigan consumer climate brightens significantly in April

news-source="dpa-afx">

MICHIGAN (dpa-AFX) – US consumer sentiment did not improve quite as much as expected in April. The consumer climate surveyed by the University of Michigan rose by 5.8 points to 65.2 points compared to the previous month, as the university announced on Friday after a second round of surveys. The result of the first survey was thus revised downwards slightly. A value of 65.7 points was originally reported.

On average, analysts had expected the first estimate to be confirmed. The consumer climate is improving at a low level. In March, the mood was as bad as it had been in 2011. Household expectations improved particularly significantly, and the current situation was assessed somewhat more favourably.

The indicator from the University of Michigan is a measure of the purchasing behavior of US consumers. It is based on a telephone survey of around 500 households. The financial and economic situation assessment and the corresponding expectations are queried./jkr/jsl/jha/

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