Consumer sentiment above expectations in final April read

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The University of Michigan's final April consumer sentiment index reading was 98.8, compared to the preliminary April 97.8 and the final March 101.4, according to market sources.

The expectations index was 88.4 compared to the preliminary April 86.8 and the final March 88.8.

The current conditions index was 114.9, compared to the preliminary April 115.0 and the final March 121.2.

Economists polled by IFR Markets had predicted a 98.0 reading for the main index, 115.0 for current conditions and 86.9 for expectations.

The five-year inflation expectation index was 2.5%, compared to 2.5% in March, while the one-year inflation expectation index was 2.7%, compared to 2.8% in March.

The University of Michigan index is not released to the press, but only to paying subscribers.

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Economic indicators Consumer sentiment index