Michigan consumer sentiment for the month of April preliminary

University of Michigan consumer sentiment falls to 71.
  • Michigan consumer sentiment comes in weaker than expected at 71.0 versus 75.0 estimate. This is the preliminary report for April.
  • Consumer sentiment last month was at 89.1
  • Current conditions index is 72.4 versus 84.1 estimate. Last month was at 103.7
  • expectations index came in at 70.0 versus 60.7 estimate. Last month the index was at 79.7
  • one year inflation expectations are fals to 2.1% from 2.2%
  • 5 – 10 year inflation expectations rises to 2.5% from 2.3% last month
  • the fall in the Michigan survey was a record
  • The sentiment index is at the lowest level since December 2011 when the index was at 69.1

During the 2008- 2009, the index fell to a low of 55.3. In 2011 the index fell to 55.8