Consumers are the perkiest they’ve been in nine months, holding brighter views on current and coming economic conditions, according to data released Friday morning.
The University of Michigan
and Thomson Reuters’s gauge of consumer sentiment hit a final April
reading of 84.1 — the highest reading since July — up from a final March
level of 80.
Economists polled by MarketWatch had expected a final April level of 82.8, compared with a preliminary reading for the month of 82.6.
For context, over the year leading up to the start of the recession,
which began in December 2007, sentiment averaged 86.9. April’s reading
pushes the sentiment gauge closer to prerecession levels.
Words escape me....
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