U.S. Consumer Sentiment Deteriorates Modestly Less Than Estimated In April

RTTNews | 66 days ago
U.S. Consumer Sentiment Deteriorates Modestly Less Than Estimated In April

(RTTNews) - A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. deteriorated modestly less than previously estimated in the month of April.

The University of Michigan said its consumer sentiment index for April was upwardly revised to 52.2 from a preliminary reading of 50.8. Economists had expected the index to be unrevised.

Despite the upward revision, the consumer sentiment index is still down sharply from 57.0 in March and marks its lowest level since hitting 51.5 in July 2022.

The steep drop by the headline index came as the index of consumer expectations tumbled to 47.3 in April from 52.6 in March, while the current economic conditions index slumped to 59.8 in April from 63.8 in March.

"Consumers perceived risks to multiple aspects of the economy, in large part due to ongoing uncertainty around trade policy and the potential for a resurgence of inflation looming ahead," said Surveys of Consumers Director Joanne Hsu. "Labor market expectations remained bleak."

"Even more concerning for the path of the economy, consumers anticipated weaker income growth for themselves in the year ahead," she added. "Without reliably strong incomes, spending is unlikely to remain strong amid the numerous warnings signs perceived by consumers."

The report also said year-ahead inflation expectations surged to 6.5 percent in April from 5.0 percent in March, reaching the highest reading since 1981.

Hsu noted the spike by year-ahead inflation expectations, which marked four consecutive months of unusually large increases, was seen across all three political affiliations.

"After the April 9 partial pause in tariff increases, inflation expectations ebbed but remained substantially elevated relative to March," Hsu said.

Long-run inflation expectations also climbed to 4.4 percent in April from 4.1 percent in March, reflecting a particularly large jump among independents.

read more
U.S. Consumer Sentiment Improves Slightly More Than Previously Estimated In June

U.S. Consumer Sentiment Improves Slightly More Than Previously Estimated In June

A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved by slightly more than previously estimated in the month of June. The University of Michigan said its consumer sentiment index for June was upwardly revised to 60.7 from a preliminary reading of 60.5.
RTTNews | 3 days ago
U.S. Consumer Prices Inch Up In Line With Expectations But Core Price Growth Exceeds Estimates

U.S. Consumer Prices Inch Up In Line With Expectations But Core Price Growth Exceeds Estimates

While the Commerce Department released a closely watched report on Friday showing consumer prices in the U.S. crept up in line with expectations in the month of May, the report also showed core consumer prices rose by slightly more than expected. The report said the personal consumption expenditures (PCE) price index inched up by 0.1 percent in May, matching the uptick seen in April.
RTTNews | 3 days ago
U.S. Pending Home Sales Unexpectedly Rebound In May

U.S. Pending Home Sales Unexpectedly Rebound In May

The National Association of Realtors released a report on Thursday showing an unexpected rebound by pending home sales in the U.S. in the month of May. NAR said its pending home sales index jumped by 1.8 percent to 72.6 in May after tumbling by 6.1 percent to a revised 71.3 in April.
RTTNews | 4 days ago
U.S. Economy Shrinks More Than Previously Estimated In Q1

U.S. Economy Shrinks More Than Previously Estimated In Q1

Revised data released by the Commerce Department on Thursday showed the U.S. economy shrank by more than previously estimated in the first quarter of 2025. The Commerce Department said real gross domestic product fell by 0.5 percent in the first quarter compared to the previously reported 0.2 percent dip. Economists had expected the decrease by GDP to be unrevised.
RTTNews | 4 days ago
U.S. Durable Goods Orders Soar 16.4% In May, Much More Than Expected

U.S. Durable Goods Orders Soar 16.4% In May, Much More Than Expected

New orders for U.S. manufactured durable goods spiked by much more than expected in the month of May, according to a report released by the Commerce Department on Thursday. The report said durable goods orders soared by 16.4 percent in May after tumbling by a revised 6.6 percent in April.
RTTNews | 4 days ago
U.S. Weekly Jobless Claims Unexpectedly Dip To 236,000

U.S. Weekly Jobless Claims Unexpectedly Dip To 236,000

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits unexpectedly fell in the week ended June 21st. The Labor Department said initial jobless claims dipped to 236,000, a decrease of 10,000 from the previous week's revised level of 246,000.
RTTNews | 4 days ago